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EG GROUP ANNOUNCES EXECUTIVE LEADERSHIP TRANSITION

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.

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EG GROUP SUCCESSFULLY REPRICES TERM LOANS AT REDUCED MARGINS AND REPAYS SECOND-LIEN FACILITIES IN FULL

BLACKBURN, 11th December 2024: EG Group, a leading international operator of convenience retail, foodservice and fuel stations, today announces further progress with its deleveraging and refinancing strategy with the successful repricing of its EUR and USD Term Loans, and the full repayment of its second-lien facilities.