INDIA/FRANCE: United Breweries CFO moving to Heineken France

By | 30 November 2012

United Breweries will have a new CFO as of next year

United Breweries will have a new CFO as of next year

United Breweries' CFO is stepping down at the end of the year to transfer to the same role with Heineken France.

Guido de Boer, who has been at UB since 2009, will leave the company on 31 December and will retire as a board director, the group said in a filing to the Bombay Stock Exchange yesterday (29 November). A spokesperson for Heineken, which has a 37.5% stake in UB, said three years is a “typical tenure” for the company's ex-pats. 

UB said in the filing: “The company would like to place on record its gratitude for the significant contributions that Mr de Boer has made during his tenure.”

Henricus Petrus van Zon will replace de Boer as UB CFO, effective from 1 January. He will also join the UB in "due course", the filing said. 

Earlier this month, UB announced a 47% rise in first-half net profits. Meanwhile, sister firm, United Spirits, is set to become majority-owned by Diageo after it was announced that owner Vijay Mallya and the UK-headquartered group have agreed a INR111.7bn (US$2.05bn) deal. 

Expert analysis

Beer in India

Beer in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2006-10, and forecast to 2015). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the India beer market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Sectors: Beer & cider, HR – personnel

Companies: Heineken, United Breweries, Diageo, United Spirits

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