Sheps has headed the UK operation since October 2008, and under his leadership it has tripled its profits and grown its market share from 13% to 15% against a declining beer market.
He said: “This is an exciting prospect and I look forward to ensuring that Baltika continues to deliver a very positive contribution to the Carlsberg Group.”
The group said it will appoint a new chief executive for Carlsberg UK “as soon as possible”. When Sheps leaves on December 1, western European senior vice-president Jesper Friis will step in as interim chief executive.
Carlsberg Group chief executive Jørgen Buhl Rasmussen said: “Isaac Sheps has a great track record at Carlsberg, both in south east Europe and the UK, and I am confident that his strong leadership skills, operational focus and his diverse international experience will serve us well at Baltika and across the eastern European region.”