United Breweries today announced a senior management change with its Executive Director and Chief Financial Officer Henricus Petrus van Zon to be replaced by Steven Bosch.
After more than three years of a successful financial leadership with United Breweries Ltd (UBL), Henricus Petrus van Zon, Executive Director and Chief Financial Officer, will move on to a next assignment with Heineken effective September 1, 2016, the company said in a BSE filing.
UBL further said: "The Board has appointed Steven Bosch as van Zon's replacement as Director and Chief Financial Officer effective September 1, 2016."
Van Zon was nominated by Heineken as Chief Financial Officer (CFO) of UBL with effect from January 1, 2013.
Heineken had indirectly acquired a 37.5 per cent stake in UBL following its worldwide takeover of Scottish & Newcastle (S&N) in January, 2008 thereby giving it board positions in the Indian bear maker.
As on quarter ending March 2016, Heineken held just over 43 per cent stake in UBL.
