News

EG GROUP ANNOUNCES EXECUTIVE LEADERSHIP TRANSITION

25/04/2025

25 April, 2025: EG Group, a leading international operator of convenience retail, foodservice and fuel stations, today announces its executive leadership transition plan.

The key elements are:

Co-founder Mohsin Issa will step down as CEO. He will retain a substantial minority shareholding and remain on the Board as a Non-Executive Director of the business.
Russell Colaco, currently Group CFO, has been appointed CEO.
The search for a new CFO is well-advanced.

Russell Colaco joined EG Group as CFO in June 2024 bringing extensive US and international experience, both in the wider consumer retail sector and investment banking. Reflecting the growing importance of non-UK markets for the Group, Russell will be primarily based in the United States, EG Group’s single largest market.

Mergers & Acquisitions

EG Group Looks To Deliver Future of Fuel Retail Convenience 15/02/2018

EG Group is pleased to announce the successful management takeover and transaction completion from ESSO Italiana of approximately 1,100 ESSO service stations and about 100 fuel supply contracts for third party sites in Italy. This is part of the EG Group strategic partnership with ExxonMobil, making the organisation the largest single Retail Branded Wholesaler customer globally.

Mergers & Acquisitions

EG Group and Kroger announce definitive agreement for purchase of Kroger’s convenience store business in the USA 05/02/2018

EG Group announces petrol forecourt convenience retail expansion plans in United States by entering into a definitive agreement with The Kroger Co. (NYSE: KR) for the sale of their 762 site network for a consideration of $2.15 billion.

People

EG Group appoints country manager for Italy 13/12/2017

As the leading independent petrol forecourt operator gears up for the next phase of its international growth and expansion, EG Group has appointed Salvatore Bianca as Country Manager to lead the strategic development of the petrol forecourt retail convenience offer in Italy.

Mergers & Acquisitions

EXXONMOBIL and EG Group enter into new partnership for German ESSO stations 29/11/2017

Strategic agreement includes sale of ExxonMobil-owned and operated service stations and conversion to a branded wholesaler model

Conversion consistent with company’s approach in other European markets

ExxonMobil to continue supplying fuels to Esso-branded station network

Achievement

Fuelling growth in Blackburn with Darwen 23/11/2017

Plans for Euro Garages new head office facilities have been approved and agreed by Blackburn with Darwen Borough Council. Council leader, Councillor Mohammed Khan and ...

Awards

Rivington North named 2nd Best in the UK 17/10/2017

Euro Garages Rivington North Services have been named 2nd best in the UK after comprehensive customer research conducted by travel watchdog Transport Focus.

Mergers & Acquisitions

Intervias Group and ESSO Italiana S.r.l. 15/06/2017

Intervias Group has reached an agreement with Esso Italiana S.r.l. – an ExxonMobil company – for the purchase of the going concern consisting of 1,176 Esso branded service stations, located in several Italian regions.

Achievement

Plans submitted for new EG Head Office 14/06/2017

Euro Garages has submitted plans to build a three-storey office block and two drive through restaurants in Haslingden Road, Blackburn, close to the hospital and our existing head office.

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