Avenue Supermarts, which owns and operates the retail chain D-Mart, has announced a top-level management reshuffle with the appointment of Unilever's Anshul Asawa as its CEO Designate. Asawa currently serves as Country Head of Unilever in Thailand and General Manager for the Home Care business unit in Greater Asia. The incumbent Managing Director and CEO Neville Noronham, whose current term is ending in January 2026 - a year from now, will not be offering his candidature for renewal of his role, according to a statement from Avenue Supermarts. "The Board of Directors honours his decision and expresses profound gratitude for his extraordinary contribution to the company. The Board has appointed Anshul Asawa as the CEO Designate, effective March 15, 2025," it said. Noronha has been associated with D-Mart for the last two decades. He joined DMart in January 2004 and has shepherded the company from its early years -- from 5 stores to its current position as one of the largest supermar