Neville Noronha quits Avenue Supermarts, Unilever's Anshul Asawa to be new CEO
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After serving Avenue Supermarts for over two decades, one of India's richest CEOs Neville Noronha has decided to not renew his candidature at the parent company of DMart chain of retail stores. His term in the company ends in January 2026, a year from now, after which Unilever's Anshul Asawa will fill in his shoes. "After more than two decades of exceptional leadership and a glorious tenure at the helm of the business, Neville has chosen not to extend his contract. The Board of Directors honours his decision and expresses profound gratitude for his extraordinary contribution to the company," Avenue Supermarts announced in a statement today. The company's board has appointed Anshul Asawa as the CEO Designate, effective March 15th, 2025. Also Read: DMart Q3 Results: Standalone profit up 6.5% to Rs 785 crore, revenue jumps 17.5% Noronha, who owned around 1.95% stake in the company at the end of the September quarter, is...