Grant Reid, president and leader govt officer of Mars Inc., speaks right through a Bloomberg Businessweek Debrief tournament in New York, U.S., on Thursday, Jan. 10, 2019.
Alex Flynn | Bloomberg | Getty Photographs
Mars CEO Grant Reid is retiring after greater than 8 years within the function and might be changed through the top of the corporate’s puppy care industry.
Poul Weihrauch, the worldwide president of Mars Petcare, will be successful him on the finish of September, the corporate stated Wednesday. Mars stated that Reid knowledgeable the board of his resolution 18 months in the past and can stay on the sweet large till the top of the 12 months.
Mars, based totally in McLean, Virginia, is privately held and has a portfolio of manufacturers that incorporates Snickers, Type bars and dog food names Pedigree and Whiskas.
Weihrauch joined the corporate in 2000 because the Ecu emblem chief for Snickers and led Mars Meals industry prior to turning into the worldwide president of Mars Petcare in 2014, the corporate stated.
All the way through Reid’s tenure, Mars stated income rose through greater than 50% and that the collection of staff greater than doubled from 60,000 to over 140,000. He additionally guided expansions into veterinary services and products and fitter snacks, the corporate stated.
Reid plans to commit extra time to his paintings on local weather motion and sustainability upon retirement, it added.