United Breweries witnessed a significant surge of nearly 6% in intraday trading on the BSE as the renowned alcoholic beverages manufacturer revealed Vivek Gupta as its new Managing Director and Chief Executive Officer.
This appointment comes six months after the former head, Rishi Pardal, stepped down in mid-February. Vivek Gupta, previously serving as the Chief Business Officer at the B2B platform Udaan, is set to commence his five-year term at United Breweries on September 25, as confirmed by the company in its announcement to the exchanges.
On the BSE, the stock closed at INR 1,662.10 per share, marking an impressive increase of 5.17% compared to the previous day’s closing price. United Breweries outlined Gupta’s key responsibilities, emphasizing that he would be entrusted with driving the company’s growth.
