Mohsin Issa, co-owner of Asda, has stepped down from his executive role at the supermarket giant to concentrate on his position as CEO of EG Group. Despite this change, Issa will remain involved with Asda in a non-executive capacity on the board. Asda’s operational leadership will now be guided by Chairman Lord Rose and Ron Hattrell, a partner at TDR Capital. This leadership shuffle occurs amid intense competitive pressure within the supermarket sector.
Retail, Private Equity,United Kingdom