Lord Stuart Rose appointed chairman of EG Group
Lord Stuart Rose, who has held influential senior roles at Argos, Marks and Spencer and Ocado, has been appointed as non-executive chairman of Blackburn-based EG Group.
EG Group is jointly owned by the Issa brothers, Zuber and Mohsin, and by TDR Capital. It operates convenience stores, foodservice outlets and fuel stations at more than 6,000 sites in 10 countries including the UK and Ireland, the US, Australia, Germany, Italy, France and Benelux. Group sales were in excess of £17bn in 2019.
Lord Rose has worked in the retail sector for more than 40 years. He has held leading roles at Burton Group, Argos, Arcadia and Marks & Spencer, often serving during times of mergers and acquisitions.
He currently serves as chairman of Ocado and will stand down in May. He was knighted in 2008 for services to the retail industry and corporate social responsibility and was granted a life peerage in August 2014.
Lord Rose said: “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.
"The Issa brothers are great British entrepreneurs of enormous drive, vision and ambition. EG’s Board has asked me to develop appropriate governance structures for a business of this scale. The business has exciting development plans and exceptional prospects in the years to come."