The decision by Mohsin Issa to step back from day-to-day management at Asda allows him to focus on leading EG Group, enhancing his leadership role there.
Asda's market share has decreased from 13.7% to 12.6%, prompting Lord Rose to urge Issa to prioritize his responsibilities at EG Group over Asda.
Lord Rose acknowledged Issa's vital contributions, especially in launching initiatives like Asda's convenience store project and the successful loyalty app for customers.
Issa retains a non-executive director position and 22.5% stake in Asda, indicating ongoing involvement despite his reduced management role.
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