Lord Stuart Rose new Chairman of EG Group
The global retailing giant that recently acquired Asda appoints the industry veteran to oversee appropriate governance structures.
EG Group has appointed former M&S CEO and current Ocado chairman Lord Stuart Rose as non-executive Chairman with immediate effect.
The international fuel and convenience retailer is bringing in retail veteran Stuart Rose to improve governance after its auditors resigned over the matter last year, reports the Lancashire Telegraph.
Issa brothers and TDR Capital, owners of EG Group, want Lord Rose to provide an appropriate structure for a business that has grown exponentially over the last five years.
“I am delighted to chair the board of EG Group and I look forward to working with the board and management, including fellow non-executive John Carey, in the next stage of the development of a world-class, global scale retail business,” said Lord Rose.
EG Group has expanded internationally through a string of debt-led acquisitions, and now operates approximately 6,000 sites, serving 23 million customers every week.
