Stuart Rose Takes Over Asda Leadership as Mohsin Issa Steps Back

The former M&S boss will lead the struggling supermarket chain amid falling sales and a search for a new CEO.

Mohsin Issa steps down from his executive role at Asda to focus on EG Group, where he will be the sole CEO.
Stuart Rose, the chairman of Asda and former head of M&S, will assume day-to-day operations alongside Rob Hattrell.
Asda has been experiencing a significant decline in sales, with a 5.5% drop in the last three months, resulting in a decreased market share.
The search for a new, experienced chief executive has been challenging due to Issa's prior involvement in operations.
Despite stepping back, Mohsin Issa will continue as a co-owner and non-executive director on Asda's board.