Rishi Pardal appointed as the new MD of United Breweries

Country’s biggest brewer that sells Kingfisher,appoints Rishi Pardal as the new CEO and managing director. The new MD will suceed Shekhar Ramamurthy(58), who was with UB group for 31 years, of which he spent last five years as its CEO and MD.

As per the latest reports, Pardal will join UB on June 12 in preparation to take charge from Ramamurthy and familiarise with the business. He will hold office as MD for a period of five years which will be extendable based on approval of the shareholders thereafter.

Some Facts about the new MD of United Breweries

Prior to this, Pardal’s was the Vice President and General Manager at Avery Dennison Corporation, a Fortune 500 Company based out of Hong Kong. Before this role, he was the MD of Marico Bangladesh, following a 14-year career in sales and management roles with Hindustan Unilever. Pardal has studied from Indian Institute of Foreign Trade, New Delhi.

As per reports, Heineken-controlled UB had reported a net profit decline of 2.56% at Rs 106.37 crore for the third quarter that ended in December, while net sales was impacted by economic slowdown and new excise policy in Andhra Pradesh. In such a scenario, it would be interesting to note the kind of positive changes that will be brought along by Pardal.