Amazon-backed More Retail ropes in Vinod Nambiar as MD

Photo: Pradeep Gaur/Livemint

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.

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.

This article was first published on livemint.com.

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.