British supermarket group Asda said on Wednesday its chairman, veteran retailer Stuart Rose, would assume the executive responsibilities of co-owner Mohsin Issa, who is stepping back from his leadership role.

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 the management team.Asda said Mr Issa will this week leave his executive role to concentrate on his recently announced move to become sole chief executive of the petrol station forecourts business,

Rose, the former Marks & Spencer boss who became Asda chairman in 2021, will run Asda alongside Rob Hattrell, a partner at joint owner TDR Capital

Asda co-owner Mohsin Issa has announced his decision to step down from managing the supermarket, passing leadership to chairman Lord Stuart Rose and the

Asda has confirmed that Mohsin Issa will step down from his executive leadership role to concentrate on his position as the sole chief executive of petrol forecourts business, EG Group.

Struggling British supermarket chain Asda has announced that Mohsin Issa is stepping back from his executive leadership role to focus on his previously announced responsibility as sole CEO of EG Group.

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

Asda said on Wednesday that Mohsin Issa would instead focus on running EG Group, the petrol station business he founded with his brother Zuber in Blackburn in 2001. The move comes as Asda, which Walmart sold to the Issa brothers and TDR in a £6.

Asda chairman Lord Rose has taken control of the struggling supermarket after Mohsin Issa formally stepped down as chief executive. The retail veteran, who previously headed up Marks & Spencer and Ocado,