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.