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PEOPLE

Reid decides to hand over the reins as Mars CEO after nearly a decade
Monday, 27 June, 2022, 08 : 00 AM [IST]
Our Bureau, New Delhi
Mars chief executive officer Grant F Reid has announced he is to hand over the reins as CEO after leading the business through a period of unprecedented growth, impact and transformation.  

Reid – who will remain at Mars until the end of the year – informed the Board of his intentions to retire from Mars 18 months ago and has been closely involved in helping ensure a best-in-class succession. He has served in the role since 2014. Poul Weihrauch, global president at Mars Petcare, will succeed as CEO, effective from the end of September.

Mars board chair, Frank Mars, paid tribute to Reid’s “extraordinary legacy” – highlighting his countless achievements – fusing performance with purpose, delivering sustainable growth, ramping up Mars digital capabilities, building its iconic brands, and expanding into newer territories like veterinary health, pet services and healthy snacking. As a result, Mars said, sales had grown by over 50% to nearly $45B under Reid’s tenure and the number of associates had increased from 60,000 to more than 140,000.  

Mars added: “While he is too modest to admit it, our significant transformation and record growth as a business would not have happened without Grant’s leadership. He has visibly lived our principles and embedded purpose at the heart of our business strategy. The Mars family is tremendously grateful for his dedication and service.” 
 
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