Asda has confirmed Mohsin Issa will step down from his leadership role to concentrate on his position as the sole chief executive of petrol forecourts business, EG Group.
Lord Stuart Rose will take over Mohsin's responsibilities alongside TDR Capital partner Rob Hattrell, according to the Leeds-based supermarket chain.
Mohsin Issa will continue to be a co-owner of Asda and a non-executive member of the board. The supermarket is still in search of a chief executive "to lead the business in the next phase of its strategy" and will provide an update on the three-year search "in due course", as reported by City AM.
In August, Lord Rose had urged Issa to step down, stating: "We need a full-time fully experienced retail executive to come in...
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