Asda has announced a significant leadership change as co-owner Mohsin Issa steps back from his executive role to focus on his previously announced position as sole CEO of EG Group. This decision marks a shift in the leadership structure of the UK's third-largest supermarket chain.

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 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,

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

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,

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.