MUMBAI: Supermarket store operator More Retail Ltd, owned by private equity firm Samara Capital and US e-commerce giant Amazon, has appointed FMCG industry veteran Vinod Nambiar as its managing director, as the company tackles business disruption caused by the covid-19 pandemic.
More Retail operates around 645 retail stores across various states in the country. Samara Capital and Amazon had bought the retail chain from Aditya Birla Group in late 2018.
Prior to joining More Retail, Nambiar held leadership assignments at Hindustan Unilever India and Colgate Palmolive. In his previous stints he worked across geographies spanning India, Romania, Italy, Greater China and the broader Asia Pacific region. His last role was that of chairman of Colgate-Palmolive India.
"We believe that Vinod brings a unique combination of inspiring leadership and first principles-based problem solving approach with passionate customer obsession. His strategic clarity coupled with a strong execution bias will drive exceptional results in the years to come. Samara believes Vinod’s addition to More Retail leadership team will accelerate its journey towards becoming a truly customer obsessive firm with outstanding leadership at all levels," said Sumeet Narang, founder and managing director of Samara Capital.
“Samara Capital’s belief in unleashing the power of professional entrepreneurship, to create an enduring business on the key leadership principles and values of customer obsession, innovation, grit, growing talent, frugality, collaboration and integrity has been instrumental in my decision to join the team," said Nambiar.
More Retail's senior management team currently comprises of Mohit Kampani, deputy managing director and chief executive - Hyper Markets and Sashi Gumma, chief executive - Super Markets.