Mars Inc. names new president

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Grant Reid (right) will succeed Paul Michaels (right) as president of Mars Inc. on Jan. 2, 2015.

Grant F. Reid will become president of McLean-based Mars Inc. on Jan. 2.

Reid, currently global president of Mars Chocolate, will succeed  Paul S. Michaels, who has served as president since 2004.

Michaels recently told the company board of directors that he planned to retire on Dec. 31.

During the transition, Reid will begin a co-office of the president role effective July 2.

Reid is a 26-year company veteran who has been part of its management team since 2007. He has worked in many functions including sales, marketing, commercial, manufacturing and general management as well as several Mars business segments.

Mars, founded in 1911, has annual revenue of more than $33 billion and more than 75,000 employees worldwide.

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