Mohsin Issa steps back from Asda leadership to focus on EG Group.
- Lord Rose and Rob Hattrell to lead Asda during this transition period.
- Mohsin Issa remains an influential figure as a co-owner and board member.
- The loyalty app and IT infrastructure initiatives are credited to Issa’s leadership.
- Asda is on the lookout for new leadership to spearhead future growth.
Mohsin Issa, co-owner of Asda, has decided to step back from his executive leadership role, shifting his focus to his role as the sole Chief Executive Officer of EG Group. This strategic decision marks a significant change in the leadership structure of the supermarket giant. Issa will continue to influence Asda as a co-owner and non-executive board member, ensuring that his insights remain available to the company.
The leadership transition at Asda will see Chair Lord Rose, along with TDR partner Rob Hattrell, take over the operational responsibilities. Hattrell, who brings experience from his time at eBay in Europe and Tesco, will work closely with Lord Rose to guide Asda through this pivotal phase.
During his tenure, Issa has been instrumental in introducing a loyalty app, now boasting over six million users, and laying the foundation for a world-class IT infrastructure. These initiatives have been fundamental in driving Asda’s expansion into the convenience store sector, demonstrating Issa’s impact on the company.
Issa expressed confidence in Asda’s future, highlighting the achievements of the experienced team he helped build. He noted the substantial progress made towards enhancing Asda’s value proposition for its customers and reaffirmed his commitment to supporting the Asda team as a shareholder.
Asda’s search for a new CEO continues, with plans to update stakeholders once a suitable candidate is found to lead the retailer into its next strategic phase.
Asda confidently navigates leadership changes while preparing for future growth.
