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United Kingdom

United Breweries Ltd (UBBW.NS)

UBBW.NS on National Stock Exchange of India

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Summary

Name Age Since Current Position

Steven Bosch

2016 Chief Financial Officer, Director

Govind Iyengar

47 2011 Senior Vice President - Legal, Compliance Officer, Company Secretary

Shekhar Ramamurthy

2015 Managing Director, Executive Director

Christiaan van Steenbergen

2017 Additional Nominee Director of Heineken International

Frans Eusman

55 2015 Non-Executive Director

A. K. Nedungadi

2002 Non-Executive Director

Sunil Alagh

71 2005 Non-Executive Independent Director

Madhav Bhatkuly

51 2009 Non-Executive Independent Director

Stephan Gerlich

54 2010 Non-Executive Independent Director

Chhaganlal Jain

84 2003 Non-Executive Independent Director

Kiran Mazumdar-Shaw

64 2009 Non-Executive Independent Director

Chugh Pal

80 2005 Non-Executive Independent Director

Biographies

Name Description

Steven Bosch

Mr. Steven Bosch serves as Chief Financial Officer, Director of the company. Mr. Bosch holds an MSc. in Business Administration from the University of Groningen, The Netherlands. He has completed various Finance and Management Development programs at CERAM School of Management & Technology and at INSEAD-Fontainebleau. He started his career in 2002 in the banking industry and held various roles of increasing responsibility with ABN AMRO’s investment banking division, located in Amsterdam, Paris and Jakarta. Before joining Heineken, he was a Vice President with the Royal Bank of Scotland, based in Hong Kong. As a Director in Heineken International’s Global Business Development team, Mr. Bosch has led a wide range of projects including acquisitions, divestitures, mergers, restructuring and business due diligence projects. In addition to a diverse professional experience in mature markets globally, he has held project leadership positions in emerging markets including Argentina, Indonesia, Ivory Coast, Russia and South Africa. Mr. Bosch’ expertise includes business planning, financial analysis, due diligence, valuation, transaction structuring, integration planning, project management, acquisitions, mergers, divestments and equity capital markets solutions. He brings with him about 15 years’ experience of a professional in finance, investment banking and business development.

Govind Iyengar

Mr. Govind Iyengar serves as Senior Vice President - Legal, Compliance Officer, Company Secretary of United Breweries Limited. Mr. Iyengar joined erstwhile United Breweries Limited in February 2001 as Deputy Company Secretary to look after the Secretarial matters of the company. Prior to joining UBL, he was working with Citurgia Bio-Chemicals Limited, a Bombay Dyeing Group Company in Mumbai as a Company Secretary. Upon de-merger of the brewing business of the erstwhile UBL into the current organisation, Mr. Iyengar was promoted as Company Secretary. Presently he looks after the secretarial and legal functions.

Shekhar Ramamurthy

Mr. Shekhar Ramamurthy serves as Managing Director, Executive Director of United Breweries Ltd. Mr. Shekhar Ramamurthy is an alumnus of IIT Delhi and IIM Calcutta. He has been with the UB Group since 1989 and has been in several roles across the Group. He joined in the Corporate Planning function and soon thereafter moved into a Marketing role with what is now United Spirits Limited. He spent over 9 years in the Spirits business in Marketing and Sales roles before joining United Breweries Limited as the Head of Marketing and Sales in October 1999. He took on greater responsibilities as the Deputy President of UBL from October 2007 and then as the Joint President of the company from September 2012 till taking over as the Managing Director on August 01, 2015.

Christiaan van Steenbergen

Frans Eusman

Mr. Frans Erik Eusman serves as Non-Executive Director of United Breweries Ltd. Mr. Frans Erik Eusman joined Heineken in 1987. He has worked in various finance and general management positions in Europe and Asia. He has been appointed President of Asia Pacific Region at Heineken NV since July 1, 2015. Previously Mr. Eusman served as the Chief Business Services Officer at Heineken NV from 2010 to July 1, 2015. Mr. Eusman was Managing Director of Heineken France S.A.S. from 2005 until October 1, 2010 and Corporate Control & Accounting Director from 2003 to 2005. He was a Member of the Executive Committee from October 2010 to 30 June 2015 and since 1 July 2015, a member of the Executive Team at Heineken NV.

A. K. Nedungadi

Mr. A. K. Ravi Nedungadi serves as Non-Executive Director of United Breweries Limited. He is a trained Chartered and Cost Accountant, Mr Nedungadi joined the United Breweries Group in 1990 as the Corporate Treasurer. Within two years, he became the Group Finance Director of the Group’s International business managing the businesses of UB International Ltd., which comprised the paint giant Berger Jenson and Nicholson having operations spanning 27 countries. He played a lead role in listing the Berger Group Companies on various international Stock Exchanges including the London and Singapore bourses. Since his appointment as the President and Group CFO in 1998, he led the way to sharpening the focus of the Group, which had a conglomerate approach, on areas of competence and global reach. This saw the Group focus on clearly defined verticals each area presenting clear leadership within India and global significance. He played a key role in a number of corporate actions including domestic and international acquisitions, mergers, etc. leading to a manifold increase in the market capitalization of the Group. Mr Nedungadi is the recipient of many awards of excellence, including Udyog Ratan Award, IMA’s CFO of the Year, CNBC TV 18’s – CFO of the Year – M&A, etc. Memberships in esteemed organizations like Who’s Who of Professionals only reinforce the above testimonials. Further, he is on the Board of several companies, both in India and overseas.

Sunil Alagh

Mr. Sunil Kumar Alagh serves as Non-Executive Independent Director of United Breweries Limited. Mr. Sunil Alaghis Chairman of SKA Advisors a Business Advisory / Consultancy firm with a focus on Marketing and Brand building strategies. He is a graduate in Economics (Hons.) with MBA from IIM Calcutta. He has worked with ITC Limited, Jagatjit Industries Limited and Britannia Industries Limited. He was Managing Director and CEO of Britannia Industries Limited from 1989 to 2003. During this tenure, Britannia figured in the Forbes Magazine list of 300 Best Small Companies in the world for 3 years. It also became the Number 1 food Brand in India. He is on the Boards of GATI Ltd. (a JV with KWE, Japan), GATI Import & Export Trading Ltd. and Indofil Industries Ltd. In addition, he is member of the Governors’ of IIM Bangalore and on the advisory Board of the Jawaharlal Darda Institute of Engineering and Technology, Yavatmal. He is a former member of the Board of IL&FS Investsmart Ltd., The Indian Advisory Board of Schindler Switzerland, Board of Governors’ of IIM Indore, the Governing Council of the National Institute of Design, Ahmedabad and a member of the round table on higher education of the Ministry of HRD, Government of India. He was honoured with the ‘Gold Medal Kashlkar Memorial Award 2000’ for outstanding contribution to the food processing industry in India. He was a finalist for the Ernst and Young Entrepreneur of the Year Award, 2002.

Madhav Bhatkuly

Mr. Madhav Bhatkuly serves as Non-Executive Independent Director of United Breweries Limited. He has a Master’s Degree in Commerce from Sydenham College, Bombay and a Master’s Degree in Economics from the London School of Economics. He is a recipient of the Foreign and Commonwealth Scholarship from the British Government. Mr. Bhatkuly was a country partner of Arisaig Partners from 1999 to 2005. Prior to that, he was associated with SG Securities and ICICI Bank Limited. He partnered with Chris Hohn of The Children’s Investment Fund, (UK) TCI to set up a dedicated India Fund. He is credited to have been amongst the first institutional investors in many small companies which have gone on to become some of India’s leading names. Mr. Bhatkuly has been featured on several TV shows including “CNBC’s wizards of Dalal Street”, Indianomics, the Karan Thapar Show etc., and has been invited to speak at many business schools such as the Indian Institute of Management, and by many organisations such as the Confederation of India Industries (CII), Goldman Sachs etc. He currently serves as director on the board of New Horizon Opportunities Master Fund (NHOF). Based on the information in public domain, NHOF has been the best performing India fund in the world over the past 6 years.

Stephan Gerlich

Mr. Stephan Gerlich serves as Non-Executive Independent Director of United Breweries Limited. In April 2014, Mr. Gerlich assumed the role as CEO of Bayer de Mexico and spokesperson of the Bayer Group in Mexico. Bayer in Mexico has more than 3,300 employees, sales of 1,000 Mio € and 6 production sites. Formerly, in his assignment in India, Mr. Gerlich was the Country Group Speaker for the Bayer Group in India and the Vice Chairman & Managing Director of Bayer CropScience Limited and Chairman & Managing Director of Bayer MaterialScience Private Limited. Mr. Gerlich started his career with Bayer AG in Germany in 1978 and shortly thereafter moved to a subsidiary in France. After 3 years in France, he joined the Bayer operations in Mexico. In 1991, he returned to the Bayer Headquarters in Leverkusen, Germany as the Regional Marketing Manager for Engineering Plastics Division and later designated as Global Marketing Manager in 1992. In 1994, he took over as Director Sales & Marketing and Key Account Manager in Bayer France. In 1995, he became President / CEO of the Bayer / Hoechst Joint Venture, Dystar, in Mexico. In 2000, he became Vice President in charge of Sales in US & Canada for Dystar, based in North Carolina.

Chhaganlal Jain

Mr. Chhaganlal L. Jain serves as Non-Executive Independent Director of United Breweries Limited. Mr. Chhaganlal Jain is a Chartered Accountant and a Company Secretary by profession, having more than 45 years of Corporate experience in various organizations including ICI and Hindustan Lever Ltd. He was Finance Director of Hoechst India Ltd. He was also External Faculty Member at Bajaj Institute of Management for 17 years. He was also Chairman of Banking and Finance Committee of Bombay Chamber of Commerce and Industry for four years. Apart from Directorship he holds in esteemed public companies, he is also a trustee of Nayana Parekh Charitable Trust, Sangeeta Jain Charitable Trust and Oswal Mitra Mandal.

Kiran Mazumdar-Shaw

Dr. Kiran Mazumdar-Shaw serves as Non-Executive Independent Director of United Breweries Limited. Ms. Shaw is a pioneer of the biotechnology industry in India and the head of country’s leading biotechnology enterprise, Biocon, Ms. Kiran Mazumdar Shaw is highly respected businesswoman. Ms. Shaw, a first generation entrepreneur, has made her country proud with a globally recognized bio-pharma enterprise, which is committed to innovation and affordability in delivering world class therapeutics to patients worldwide. As the first woman brew master of India, with a pioneering spirit to make a difference she leveraged her knowledge of fermentation science to pursue the road less taken and build an innovative bio-pharma company, the first in India. Today, Biocon is India’s largest insulins Company that pioneered the development of the world’s only pichia based recombinant human insulin, which is now available in over 50 countries. Under her leadership Biocon has become a well-recognized global brand.Named among TIME magazine’s 100 most influential people in the world, Ms. Mazumdar Shaw has made affordable innovation the foundation of her business model. Economic Times had ranked her among India Inc.’s top 10 most powerful women CEOs in 2012 and Nature Biotechnology voted her the most influential Bio-businessperson outside Europe and the USA. Her vision and work for biotechnology have drawn global recognition both for Indian Industry and Biocon. Recently, U.S. based Chemical Heritage Foundation conferred Ms. Shaw with the 2014 Othmer Gold Medal for her multifaceted contributions to chemical and scientific heritage. Ms. Shaw is also an Independent Member of the Board of Infosys, a global leader in consulting, technology and outsourcing solutions. She is also the Chairperson of its Board of Governors of the Indian Institute of Management, Bangalore.

Chugh Pal

Mr. Chugh Yoginder Pal serves as Non-Executive Independent Director of United Breweries Limited. He is a first class Graduate in Engineering from Delhi University. After a brief Industrial Engineering training stint in TELCO he joined Hindustan Lever in 1960, where he held various positions starting in Industrial Engineering and moved up quickly in the Management hierarchy in a variety of Production, Factory and General Management roles leading to head of Corporate Materials Management. He joined Cadbury India Limited as Technical Director and became a Managing Director in 1983 and Chairman & Managing Director in 1987. He retired as Executive Chairman in 1997 and continues to be Non-Executive Chairman of Cadbury India Limited (now Mondelez India Foods Limited). Mr. Pal brings with him great expertise and understanding of the Indian Business environment. Mr. Pal was President of the prestigious Bombay Chamber of Commerce and Industry.

Basic Compensation

Name Fiscal Year Total

Steven Bosch

24,014,100

Govind Iyengar

5,047,030

Shekhar Ramamurthy

85,756,200

Christiaan van Steenbergen

--

Frans Eusman

800,000

A. K. Nedungadi

4,236,470

Sunil Alagh

4,986,470

Madhav Bhatkuly

3,986,470

Stephan Gerlich

3,636,470

Chhaganlal Jain

5,036,470

Kiran Mazumdar-Shaw

3,686,470

Chugh Pal

4,986,470
As Of  31 Mar 2017