Aditya Birla Fashion and Retail Limited has informed the Exchange regarding Appointment of Mr Marco Agnolin as CEO - OWND! and SMP of the company w.e.f. April 06, 2026.
ABFRL · price
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ABFRL's board approved three leadership changes on March 24, 2026. Mr. Marco Agnolin, a global fashion retail veteran with 30+ years at Inditex (Zara, Bershka) and Diesel, joins as CEO of the OWND! brand from April 6, 2026. For Pantaloons, Mr. Suraj Bahirwani (internal hire, 20+ years with the group) takes over as CEO (Designate) from April 1, 2026, becoming full CEO on October 1, 2026, as current CEO Ms. Sangeeta Tanwani retires on January 31, 2027. Mr. Nikhil Modha (internal, President – Corporate Finance at Aditya Birla Group) is named CFO (Designate) from April 1, 2026, becoming full CFO on January 1, 2027, as current CFO Mr. Jagdish Bajaj retires on December 31, 2026. All three changes are described as planned, phased successions.
Investors should view this as a structured leadership refresh rather than a disruption. The external hire for OWND! (Agnolin) signals a push to scale this youth-focused brand using global fast-fashion expertise, while internal succession at Pantaloons and the CFO role suggests continuity in core operations. The changes are staggered over the next 9-10 months, reducing execution risk.