Hypercity Retail, part of the CL Raheja group, said it had appointed Mark Ashman, the former chief executive of Marks and Spencer Reliance, as its new chief executive officer. Ashman will replace Andrew Levermore as the CEO who quit the HyperCity in 2008 and later joined Bharti Retail as its chief operating officer. Ashman became the CEO of Marks and Spencer in India, when the UK retailer tied up with RIL to relaunch its Indian operations two years ago, and was instrumental in setting up the stores of M&S Reliance India.
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