Mohsin Issa transitions away from Asda leadership to focus on EG Group.
- Asda’s chairman, Stuart Rose, and board director, Rob Hattrell, assume Issa’s responsibilities.
- Rose expresses gratitude for Issa’s contributions to Asda, highlighting key achievements.
- Issa remains involved with Asda as co-owner and non-executive board member.
- The search for Asda’s new CEO continues amidst leadership changes.
Mohsin Issa has made the decision to step back from his executive leadership role at Asda. This move allows him to focus on his role as the sole CEO of EG Group, a position that was previously announced. As he transitions, Asda’s chairman, Stuart Rose, alongside TDR Capital partner and board director Rob Hattrell, will take over Issa’s executive responsibilities.
Under Issa’s leadership, Asda achieved several milestones. Notably, the company ventured into the growing market of convenience stores and launched a widely adopted loyalty app, now utilised by over six million customers. These initiatives have laid a strong foundation for Asda’s continued growth and stability.
In maintaining his relationship with Asda, Mohsin Issa will retain his ownership stake and continue to serve as a non-executive director on the board. His presence is expected to provide ongoing strategic insights during this transition period.
In a statement, Lord Rose acknowledged Mohsin as an ‘entrepreneur’ and ‘disrupter,’ adding that his strategic input has been crucial for Asda. Rose also noted the importance of having a dedicated, experienced retail executive to lead Asda’s next phase, reinforcing the demand for new leadership.
Currently, the supermarket is actively seeking a new chief executive to drive its next strategic phase. This leadership transition occurs against a backdrop of Rose’s recent comments about Asda’s performance, where he indicated areas for improvement and the need for experienced executive oversight.
Asda navigates a pivotal leadership transition by appointing key personnel to ensure continuity and strategic growth.
