Mars CEO to Step Down in September

June 22, 2022
The CEO of Mars Inc. has announced plans to step down later this year, handing the reins to the current head of the company’s pet care unit.

The CEO of Mars Inc. has announced plans to step down later this year, handing the reins to the current head of the company’s pet care unit.

Grant Reid, who has been CEO since 2014, will leave at the end of September and will be replaced by Poul Weihrauch, currently global president of Mars Petcare.

Under Reid’s tenure, Mars sales have grown by more than 50%, to nearly $45 billion, and employees have more than doubled, from 60,000 to more than 140,000. His achievements include ramping up Mars’ digital capabilities and expanding into newer territories like veterinary health, pet services and healthy snacking, according to a statement from board chair Frank Mars.

"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,” Mars said. “He has visibly lived our principles and embedded purpose at the heart of our business strategy.”

Weihrauch joined Mars in 2000 as European brand leaders for its Snickers brand of candy bars. He went on to become president of Global Petcare in 2014 and is credited with doubling the size of that business.

Sponsored Recommendations

Learn About: Micro Motion™ 4700 Config I/O Coriolis Transmitter

An Advanced Transmitter that Expands Connectivity

Micro Motion™ G-Series Coriolis Flow and Density Meter

Micro Motion G-Series: market-leading compact design featuring advanced process diagnostic capability.

Embracing Sustainability using Advanced Measurement Instrumentation

A practical guide to greeningyour brewing operationsusing advanced measurementinstrumentation.

Get Hands-On Training in Emerson's Interactive Plant Environment

Enhance the training experience and increase retention by training hands-on in Emerson's Interactive Plant Environment. Build skills here so you have them where and when it matters...