Ajay Kumar Vijay steps in as new CFO of United Breweries
Ajay Kumar Vijay replaces UBHL's earlier President and CFO Ravi Nedungadi stepped down last month
Beleaguered Vijay Mallya-led United Breweries Holdings Ltd (UBHL) on Thursday said it has appointed Ajay Kumar Vijay as its Chief Financial Officer with effect from April 20.
"Based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee, the Board of Directors at its meeting held on April 20, 2016 have approved the appointment of Ajay Kumar Vijay as Chief Financial Officer (CFO) of the company with effect from April 20, 2016," UBHL said in a BSE filing.
UBHL's earlier President and CFO Ravi Nedungadi stepped down last month after reaching prescribed retirement age.
Mallya has been under pressure to return to India and face action for alleged misappropriation of funds. He left the country last month amid attempts by creditors back home to recover Rs 9,000 crore debt owed by the long-grounded Kingfisher Airlines.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How long will it take to build Rs 6 crore corpus with Rs 6,000, Rs 10,000 or Rs 15,000 monthly investments?
Highest Senior Citizen FD Rates: Check what banks like SBI, BoB, Canara Bank, HDFC Bank, ICICI Bank are providing on 1-yr, 3-yr, 5yr term deposits
Power of Compounding: How many years will it take to reach Rs 3 crore corpus if your monthly SIP is Rs 4,000, Rs 5,000, or Rs 6,000
12:03 PM IST