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Neville Noronha, CEO of D-Mart, a retail chain with a presence in over 230 Indian cities, has announced his retirement after serving in the role for 20 years. His decision comes as a surprise, but the company is already preparing for a leadership change. Anshul Asawa, a high-ranking executive from Hindustan Unilever Limited (HUL), is set to take over as CEO of D-Mart.
Asawa has an extensive background in marketing and has played a key role in shaping the strategy and direction of HUL. His profile suggests he will bring a new perspective to the retail sector. Asawa started his career with HUL in 1991 and has worked in various positions, including sales, marketing, and business leadership. His tenure at HUL has spanned over three decades, making him a well-known and respected figure in the business world.
Before joining HUL, Asawa worked at Glaxo Consumer Healthcare and Asian Paints, where he developed his skills in marketing and consumer goods. With his wealth of experience in various industries, Asawa is poised to bring valuable insights and perspectives to the role of CEO at D-Mart. His appointment has been hailed as a significant milestone in the retail sector, indicating a potential transformation in the way D-Mart approaches business and markets.
The outgoing CEO, Neville Noronha, has made significant contributions to D-Mart during his 20-year tenure, transforming the company into a modern retail giant with a strong market presence. Despite his retirement, Noronha’s legacy is expected to live on through Asawa’s vision and leadership at D-Mart.
The news comes at a pivotal time for the retail industry in India, as consumers are shifting their spending habits towards online channels and adapting to changing market dynamics. Aswa’s experience and expertise in consumer goods and marketing will undoubtedly enable him to address these challenges effectively. The full profile of Asawa, an accomplished professional in the retail industry, provides insights into his unique strengths and background, setting expectations for his successful tenure at the helm of D-Mart.