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Mars’ president Michaels to retire on Dec 31 ’14; Reid named successor
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Monday, 07 April, 2014, 08 : 00 AM [IST]
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fiogf49gjkf0d Paul S Michaels, Mars, Incorporated’s president since 2004, recently informed the company’s board of directors about his plan to retire on December 31, 2014.
“In his almost 11 years at the helm of Mars, Incorporated, Michaels has overseen a period of outstanding business performance and tremendous achievement,” stated Victoria B Mars, chairman, Mars’ board of directors.
“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,” she added.
Grant F Reid, the chocolate major’s current global president, was named Michaels’ successor.
On July 2, 2014, the former would step into a co-office of the president role. He would then have the time to partner with Michaels on transition plans before taking over the president’s office on January 2, 2015.
He has an honours’ degree in management economics and a certificate in marketing from the Chartered Institute of Marketing.
“We are proud and excited that Reid, a 26-year veteran of the business, and a member of the Mars Leadership Team since 2007, would be our next president,” Mars said.
“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,” she added.
As global president, Mars Chocolate (one of the company’s biggest business segments), Reid leads more than 17,000 associates.
Its 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, Reid 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, Reid 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.
“I am grateful to the board of directors for giving me this opportunity and proud to have been chosen as Mars’ next president. Mars has always encouraged and provided opportunity for growth and development of associates, and I am certainly living proof of that fact,” he said.
“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 am honoured to lead the organisation into that future,” Reid added.
His diverse experience across the business gives him both historical perspective and a broad view of the way Mars operates.
Reid has worked across multiple functions, including sales, marketing, commercial, manufacturing and general management, as well as several Mars business segments.
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