"at-above-post addthis_tool" data-url=" revealed that co-owner Mohsin Issa would step back from his executive leadership role at the supermarket, with chair Stuart Rose set to take over the running of the retailer,

With Asda sales tanking and its market share in free fall, Mohsin Issa stepping down from running the business finally paves the way for new leadership to bring a semblance of stability back to the 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 will step down from running the supermarket and will hand over the reins to chairman Lord Stuart Rose and the management team.

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.

Asda chairman Lord Rose has taken control of the struggling supermarket after Mohsin Issa formally stepped down as chief executive. Lord Rose, who previously headed up Marks & Spencer and Ocado, will assume the day-to-day running at Asda,