New Delhi: United Breweries Restricted (UBL), a part of the Heineken Firm, has appointed Vivek Gupta as managing director and chief govt, efficient 25 September, the brewer mentioned in a submitting to the exchanges Thursday.
Gupta has spent over twenty years in management and industrial roles at P&G, working throughout varied classes, from on a regular basis consumption to premium classes. His final place with P&G was as managing director of Australia and New Zealand. He joins UBL from business-to-business platform Udaan.
Together with the UBL management group, Gupta will probably be accountable for driving sustainable progress for the corporate. He’ll lead the premiumization of UBL’s portfolio, together with strengthening the iconicity of Kingfisher.
“We’re thrilled to have Vivek lead UBL at such a important time. We acknowledge his resilience in constructing companies and types at a quick tempo and in a posh surroundings. He brings stable international expertise deeply rooted in India and has had substantial success in industrial and complicated corporations in conventional and digital environments,” Jacco van der Linden, Regional President APAC of HEINEKEN, and Member of the UBL Board, mentioned.
Gupta’s appointment comes after the resignation of Rishi Pardal on 16 February adopted by a six months’ discover interval. The corporate has since had a vacuum in prime administration. Gupta shall maintain workplace as MD and CEO for a interval of 5 years, extendable thereafter topic to approval of the shareholders, the corporate mentioned in its submitting.
Gupta (47) is an engineering graduate with a Grasp’s in enterprise administration from IIM, Ahmedabad.
UBL is India’s largest brewer.In FY23, the maker of Kingfisher beer reported standalone revenues of ₹16,692 crore.
The United Breweries share value jumped on Thursday after the announcement. At 3 pm, the inventory was buying and selling at ₹1,663.90, up ₹83.45, or 5.28%. The United Breweries shares touched a excessive of ₹1,673.15 and a low of ₹1,570.35 through the day.
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Up to date: 07 Sep 2023, 02:02 PM IST
Supply: Live Mint