(Reuters) – Mars Inc mentioned on Wednesday long-time Chief Government Officer Grant Reid has determined to retire and can be succeeded by the privately held chocolate firm’s Petcare head Poul Weihrauch by finish of September.
The M&M’s maker mentioned Reid, who knowledgeable the board about his retirement 18 months in the past, will proceed to symbolize Mars till the top of 2022.
Reid joined Mars in 1988 and have become its CEO in 2014 after being in a number of management roles with the corporate. Underneath his management, Mars’ gross sales grew over 50% to almost $45 billion.
Weihrauch joined Mars in 2000 as European model chief for Snickers and in 2014 grew to become the president of International Petcare serving to double the petcare enterprise that homes Pedigree and Royal Canin pet meals merchandise.
(Corrects division’s identify in paragraph 4)