Mohsin Issa, co-owner of Asda, is stepping back from his role to concentrate on leading EG Group.
- Lord Rose will assume operational control of Asda with former eBay executive Rob Hattrell.
- Issa remains a non-executive director on Asda’s board, ensuring continuity and strategic input.
- The succession comes after significant advancements under Issa, including expansion into convenience stores.
- Asda is actively searching for a new CEO to steer future strategies.
Mohsin Issa, a key figure in the ownership of Asda, has announced his decision to step back from his executive role to focus on his position as sole CEO of EG Group. Despite this change, Issa will maintain his association with Asda as a co-owner and non-executive director, ensuring his continued influence in strategic decisions.
Lord Rose and Rob Hattrell, a former eBay executive, will take the helm of Asda’s operations. With Issa’s departure from day-to-day responsibilities, Lord Rose expressed gratitude for Issa’s contributions, particularly his initiatives in launching convenience stores and a loyalty app now used by over six million customers.
Issa’s leadership has been pivotal, laying the groundwork for advancements in Asda’s IT infrastructure, thereby fortifying the company for sustained growth. Reflecting on his tenure, Issa shared his pride in the team’s achievements and highlighted the strategic changes brought about during his leadership.
Issa remarked, “I am very proud of the highly experienced team we have built and the significant progress made to build a bigger and better Asda over the last three years, as well as our unwavering commitment to provide customers with uncompromising value.”
While Asda transitions its leadership, the retailer is on the hunt for a new CEO who will guide the company through its subsequent phases. The timeline and details for this leadership search will be unveiled in due course.
Issa’s strategic redirection marks a new chapter for Asda, ensuring a seamless transition and continued growth under new leadership.
