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

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 2023.
Issa, who will remain on the board