The board of Spencer's Retail has appointed Shashwat Goenka as chairman of the company with effect from May 23, 2023. Sanjiv Goenka stepped down from the position of chairman and director of the company with effect from close of business hours on May 22, 2023. Shashwat, who has been a director on the board of the company, is the sector head - retail & FMCG, of the group.