The article is about DMart, an Indian retail company, and its CEO Neville Noronha. Here are the main points:
- Neville Noronha to step down as CEO: After more than two decades of exceptional leadership, Neville Noronha has decided not to extend his contract as the Managing Director and CEO of DMart’s parent company, Avenue Supermarts.
- Anshul Awasthi appointed as CEO Designate: The Board of Directors has appointed Anshul Awasthi as the CEO Designate, effective March 15th, 2025.
- Neville Noronha’s tenure: Neville Noronha joined DMart in January 2004 and has been instrumental in shaping the company into one of India’s leading retail chains.
- Board’s appreciation for Noronha’s contribution: The Board of Directors has expressed profound gratitude for Noronha’s extraordinary contribution to the company during his tenure.
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