EG Group names new CEO as Mohsin Issa steps down
Published on: Apr 25, 2025
CFO Russell Colaco named new CEO amid growing U.S. focus while its Co-founder will continue as Non-Executive Director.
EG Group announced a major leadership transition as the company shifts its strategic focus to its largest and fastest-growing market: the United States.
As part of the transition, Co-founder Mohsin Issa will step down from his role as Chief Executive Officer. While stepping back from day-to-day operations, Issa will remain actively involved as a Non-Executive Director and continue to hold a substantial minority shareholding in the company.
Russell Colaco, who joined EG Group as Chief Financial Officer in June 2024, has been appointed as the new CEO. The company also confirmed that the search for a new CFO is well underway, with an update expected in due course.
With a background in consumer retail and investment banking, Colaco brings international expertise to the role. Reflecting the company’s expanding U.S. footprint—now its largest market by sales—he will be primarily based in the United States.
“Now is the natural time for me to step back from my day-to-day duties at EG as it embarks on the next stage of its journey. The U.S. market represents the biggest growth opportunity and is where EG needs to have its lead executives based,” said Issa.
With a presence spanning North America, Europe, and Australia, the company continues to pursue its multi-format strategy, integrating foodservice, grocery, and merchandise offerings at its global sites.
Founded by the Issa brothers in 2001 with a single site, EG Group has evolved into one of the world’s leading independent convenience retailers. The company now operates over 5,500 sites across nine countries, employs 38,000 people, and serves nearly 1 billion customers annually.
