INDIA: United Spirits confirms MD exit
United Spirits' MD steps down
United Spirits has confirmed that its managing director, Vijay Rekhi, has stood down.
Rekhi ceased to be MD of United Spirits on 19 April, the Indian group said today (20 April). In a brief note to the Mumbai Stock Exchange, the company said that Rekhi's departure was "consequent upon the expiry of the period of his office".
The news comes two weeks after just-drinks reported that United Spirits was intending to announce Rekhi's retirement. He has been associated with the group for 39 years.
The man tipped to replace Rekhi is the company's current deputy president, Ashok Capoor, although this has not been confirmed.
United Spirits is India's leading spirits company and currently the second largest spirits company in the world by volume. It is part of Vijay Mallya's UB Group empire.
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