Published 09/18/2024 3:31:00 p.m.

Asda co-owner steps down as hunt for CEO continues

Summary by Sky News UK

Asda's co-owner is stepping back from a key role at the business, just months after his brother sold his stake in the supermarket chain.

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The Independent

Asda co-owner Mohsin Issa steps back as hunt for CEO continues

Mr Issa will this week leave his executive role to concentrate on his recently announced move to become sole chief executive of EG Group.

09/18/2024 7:55:45 a.m.·London, United Kingdom

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Evening Standard

Asda co-owner Mohsin Issa steps back as hunt for CEO continues

Mr Issa will this week leave his executive role to concentrate on his recently announced move to become sole chief executive of EG Group.

09/18/2024 12:55:55 p.m.·London, United Kingdom

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Sky News UK

Asda co-owner steps down as hunt for CEO continues

Asda's co-owner is stepping back from a key role at the business, just months after his brother sold his stake in the supermarket chain.

09/18/2024 1:52:00 p.m.·United Kingdom

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Telegraph & Argus

Asda co-owner Mohsin Issa steps back as hunt for CEO continues

Asda co-owner Mohsin Issa has confirmed he will step down from running the supermarket and will hand over the reins to chairman Lord Stuart Rose and…

09/18/2024 9:27:34 a.m.·Bradford, United Kingdom

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Great Yorkshire Radio

Asda Co-owner Steps Down As Hunt For CEO Continues - Great Yorkshire Radio

Billionaire Mohsin Issa will step down from his executive leadership role of running the supermarket. It comes after his brother, Zuber Issa, stepped down as co-chief executive in June. He sold his stake in the business to private equity company TDR Capital, who then became the majority owners. The hunt for a chief executive continues, with the company saying it will provide an update on the search “in due course”. Read more: What’s gone wrong a…

09/18/2024 2:50:16 p.m.

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Retail Gazette

Asda co-owner Mohsin Issa steps back as Rose and ex-eBay boss take charge - Retail Gazette

Asda has confirmed co-owner Mohsin Issa is stepping back from his executive leadership role to focus on his previously announced position as sole CEO of EG Group. Chair Lord Rose will take over the running of the chain, alongside TDR partner Rob Hattrell, the former boss of eBay in Europe and an ex-Tesco executive. Issa remains as a co-owner of the supermarket and non-executive on the board. Lord Rose said: “We respect Mohsin’s decision to move …

09/18/2024 9:49:24 a.m.

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