Mohsin Issa Steps Down From CEO Role At EG Group

Today's news in brief-28/4/25

Mohsin Issa, co-founder of EG Group, has stepped down as CEO but will retain a significant minority stake and remain on the board as a non-executive director. Russell Colaco, the current CFO, will take over as CEO, bringing extensive international retail and investment banking experience. The move reflects EG Group’s strategic pivot toward the US, now its largest market. Issa cited the company’s transformation following the sale of its UK busine…

Mohsin Issa Steps Down From CEO Role At EG Group

Mohsin Issa, the co-founder of petrol forecourt operator EG Group, has stepped down as the company’s Chief Executive ahead of a planned IPO. Russell Colaco, Chief Financial Officer of the UK-headquartered company, has been appointed as the replacement, with Issa (more…) The post Mohsin Issa Steps Down From CEO Role At EG Group appeared first on KamCity.

Mohsin Issa steps down as CEO of EG Group

Group CFO Russell Colaco has been appointed CEO, with a search for new CFO ’well-advanced’

Asda co-owner Mohsin Issa resigns as EG Group CEO

Asda co-owner Mohsin Issa has stepped down as chief executive of petrol station chain EG Group ahead of its initial public offering. In a statement, the business confirmed Issa has…

Asda co-founder Mohsin Issa steps down as EG Group CEO - Retail Gazette

Asda co-founder Mohsin Issa has stepped down as chief executive of petrol station chain EG Group ahead of its initial public offering. Issa, who co-founded the forecourt business with his brother Zuber, has been succeeded by the company’s chief financial officer Russell Colaco. It comes as EG Group has been considering a listing in New York worth around $13bn (£10.7bn) after offloading the majority of its UK petrol station business to Asda in 20…

Mohsin Issa steps down as chief executive of EG Group

Mohsin Issa, who co-founded EG Group, the international fuel stations, convenience retail, and foodservice group, is stepping down from his day to day duties as chief executive.