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Mars, Incorporated President Paul S. Michaels To Retire In December 2014; 26-Year Mars Veteran, Grant F. Reid To Lead Organization

MCLEAN, Va., March 28, 2014 /PRNewswire/ -- Paul S. Michaels, President of Mars, Incorporated since 2004, recently informed the Mars Board of Directors of his plan to retire on December 31, 2014. The company announced today that Grant F. Reid, current Global President of Mars Chocolate, has been named by the Mars Board of Directors to take over the Office of the President on January 2, 2015.  

Mars, Incorporated President Paul S. Michaels To Retire In December 2014; 26-Year Mars Veteran, Grant F. Reid To Lead Organization

"In his almost 11 years at the helm of Mars, Incorporated, Paul has overseen a period of outstanding business performance and tremendous achievement. He also built up the talent of the company while strengthening the visible presence of our Five Principles -- Quality, Efficiency, Responsibility, Mutuality and Freedom -- in the way we operate," said Victoria B. Mars, Chairman of the Mars Board of Directors. "It's because of his focus on nurturing leaders who are both talented and principled, that we have such a strong internal successor in the business. We are proud and excited that Grant, a 26-year veteran of the business, and a member of the Mars Leadership Team since 2007, will be our next President."

As Global President of Mars Chocolate, one of Mars' biggest business segments, Grant leads more than 17,000 Associates. The Chocolate portfolio has some of the world's best-loved consumer brands including M&M'S®, SNICKERS®, DOVE®, GALAXY®, and TWIX®.  In the last five years, Grant has successfully led the Chocolate business to deliver consistent growth in mature and emerging markets, and built an excellent and diverse team of leaders.  In addition, he has been a champion of industry efforts to collaborate on the issue of cocoa sustainability. In particular, he has grown the Mars' Sustainable Cocoa Initiative, which puts 'farmers first' in its efforts to increase sustainable farming practices and crop productivity – in turn helping farmers improve their wages and their ability to give their families a chance for better opportunities for education and a more prosperous future.

Grant will step into a Co-Office of the President role effective July 2. He'll then have the time to partner with Paul on transition plans before taking on the role President of Mars formally in January 2015.  

"I'm grateful to the Board of Directors for giving me this opportunity and proud to have been chosen as the next President of Mars, Incorporated. Mars has always encouraged and provided opportunity for growth and development of Associates, and I am certainly living proof of that fact," said Grant. "I believe in the Mars culture, I love the Mars brands and I know that we have the best Associates in the world.  We have a truly exciting future and I'm honored to lead the organization into that future."

Grant's diverse experience across the business gives him both historical perspective and a broad view of the way Mars operates. He has worked across multiple functions including Sales, Marketing, Commercial, Manufacturing and General Management as well as several Mars business segments.

He has an Honors Degree in Management Economics, as well as a Certificate in Marketing from the Chartered Institute of Marketing.

About Mars, Incorporated
In 1911, Frank C. Mars made the first Mars candies in his Tacoma, Washington kitchen and established Mars' first roots as a confectionery company.  In the 1920s, Forrest E. Mars, Sr. joined his father in business and together they launched the MILKY WAY® bar. In 1932, Forrest, Sr. moved to the United Kingdom with a dream of  building a business based on the objective of creating a "mutuality of benefits for all stakeholders" – this objective serves as the foundation of Mars, Incorporated today. Based in McLean, Virginia, Mars has net sales of more than $33 billion, six business segments including Petcare, Chocolate, Wrigley, Food, Drinks, Symbioscience, and more than 75,000 Associates worldwide that are putting its Principles into action to make a difference for people and the planet through its performance.


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