D-Mart's Leadership Shake-Up: Anshul Asawa to Succeed Neville Noronha as CEO

  • Leadership Transition: D-Mart's parent company, Avenue Supermarts, has announced that CEO and Managing Director Neville Noronha will step down in January 2026 after a 20-year tenure.

  • Successor Appointed: Anshul Asawa, currently Unilever's Country Head in Thailand and General Manager for Home Care in Greater Asia, has been named CEO Designate, effective March 15, 2025.

  • Noronha's Legacy: Joining D-Mart in 2004, Noronha expanded the chain from 5 to over 380 stores, establishing it as a leading supermarket chain in India.

  • Asawa's Credentials: An alumnus of IIT Roorkee and IIM Lucknow, Asawa brings 30 years of experience from Unilever, with leadership roles across India, Asia, and Europe.

  • Strategic Timing: Asawa will join D-Mart in March 2025, working alongside Noronha to ensure a seamless transition before officially assuming the CEO role on February 1, 2026.

  • Continued Expansion: This leadership change occurs as D-Mart continues to expand its retail footprint across India, aiming to strengthen its market position.

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