Royal Unibrew, the privately held Danish brewer, has announced that Peter Ryttergaard will be its new chief financial officer.

Ryttergaard will take up the position on 1 June 2010, following the retirement of Unibrew's current CFO, Ulrik Sørensen, who will be 60 years old next year.

Ryttergaard, 39, is currently CEO of Novenco, the Denmark-based developer and manufacturer of heating, ventilation and refrigeration systems. He joined the firm as CFO in 2007, and prior to that has worked as CFO at FLS Aerospace Holding Group and SR Technics in the UK.

Sørensen will continue to assist Unibrew's board with "special assignments" following his retirement.

Late last week, Unibrew reported an improvement in earnings for the first nine months of the year, despite a fall in sales.