Avenue Supermarts Names Anshul Asawa as New CEO; Ignatius Noronha to Step Down in 2026

• Avenue Supermarts announced Anshul Asawa will take over as CEO, effective February 1, 2026.
• Ignatius Navil Noronha's tenure as MD and CEO concludes on January 31, 2026.
• Asawa, currently CEO-designate, will also be appointed Managing Director for three years starting April 1, 2026, pending shareholder approval.
• He joined as CEO-designate on March 15, 2025, as part of a structured leadership transition.
• Asawa brings extensive experience from Unilever, holding various senior leadership roles in sales, marketing, and global operations.

Why It Matters: Anshul Asawa is set to become the new CEO of Avenue Supermarts, succeeding Ignatius Noronha in 2026.