According to Goodreturns, D-Mart, a Indian multi-format retailer, has announced the appointment of Anshul Asawa as the CEO-designate of the company. Currently, Asawa is serving as the Chief Customer Office of Avenue Supermarts Limited, which owns and operates the D-Mart stores. Prior to this, he was heading the Strategy, Real Estate and Expansion teams for D-Mart.
On the other hand, the existing CEO Neville Noronha will be retiring in January 2026 and Anshul Asawa will take over his position as the Chief Executive Officer (CEO). Neville Noronha has been serving as the CEO of Avenue Supermarts Limited since November 2019. During his tenure, D-Mart has consistently achieved significant business milestones, with notable expansion plans being implemented by the company. With Asawa at the helm, D-Mart expects to accelerate its growth in the Indian market while continuing its vision to establish a network of multi-format retail formats, catering to customers’ diversified requirements. The board of Directors will work together with Noronha and Asawa during a period of one-year overlap from 1 February 2023, ensuring seamless leadership transition for D-Mart’s employees, shareholders and customers.