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Mallya exit from United Spirits 'won't affect Force India'
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Vijay Mallya has resigned from his position as chairman of drinks company United Spirits (USL), but says that this will not impact his role as team principal and managing director of Force India. "Having recently turned 60, I have decided to spend more time in England closer to my children," Mallya said on Thursday as he confirmed he was stepping down from his role at United Spirits, although he will maintain the courtesy title of 'Founder Emeritus'. His resignation was part of a deal agreed with United Spirit's majority owners, global drinks manufacturer Diageo, who took over the business in 2013. Diageo will pay Mallya $75 million as a severance package in...
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