Avenue Supermarts Limited announced that at the board meeting held on May 5, 2018, approved re-appointment of Mr. Elvin Machado, as the Whole-time Director of the company, for a period of 3 years, with effect from June, 2018, subject to approval by the shareholders of the company at its upcoming Annual General Meeting. Mr. Ramakant Baheti existing Whole-Time Director and Chief Financial Officer shall be re-designated as a Whole-Time Director and Group Chief Financial Officer with immediate effect. Further, Mr. Niladri Deb shall be appointed as a Chief Financial Officer of the Company with immediate effect.

He will be a Key Managerial Personnel of the company. Mr. Niladri Deb has over 20 years of experience, about evenly split between Indian and MNC organizations. Until recently, as a Managing Director of Kraft Heinz India Private Limited, he has held roles across controlling, business planning, analysis, treasury, taxation and has supported regional/global initiatives to ensure alignment with the India operations.