United Breweries (Holdings) Limited announced that Mr. Harish Bhat who was appointed as Managing Director of the company with effect from the close of business hours on August 20, 2010 for a period of three years and whose term expired on August 20, 2013, has ceased to be the Managing Director of the company with effect from close of business hours on August 20, 2013. Mr. Harish Bhat has also resigned as a Director of the company with effect from close of business hours on August 20, 2013. The Board of Directors at its meeting held on August 14, 2013 have appointed Mr. V. Shashikanth as an Additional Director not liable to retire by rotation with effect from August 14, 2013 and as Managing Director of the company with effect from August 21, 2013 for a period of three years subject To Approve the Members at the ensuing Annual General Meeting.