mars inc annual report 2021 pdf
0000002974 00000 n law, the Company undertakes no obligation to update, amend or clarify forward-looking statements, whether as a result of new information, future events, or otherwise. ClassB Common Stock carries ten votes, is not traded on the exchanges, is restricted as to transfer or other disposition, and is convertible into Common Stock on a share-for-share basis. CommunicationsMs. are identical on both Common Stock and ClassB Common Stock, are declared at scheduled meetings of the Board of Directors and announced immediately upon declaration. In October, the company announced a new partnership with Fetch to reward consumers for purchasing beloved brands. A green comet beside a red planet is the prize for sky-watchers this week. He served as the That number likely places the company ahead of Coca-Cola, which reported an annual revenue of $38.7 billion in 2021. Learn more. Company is unable to maintain the availability, pricing and sourcing of these raw materials, the Companys results could be negatively impacted. He Also, in April, 2006, the Company closed the facility located in Bridgend, Wales which was MOST RECENT 2021 Annual Report and Form 10K View PDF View Form 10K (HTML) Marsh & McLennan Companies Inc. does not currently have any hardcopy reports on AnnualReports.com. The Company competes worldwide with other well-established manufacturers of confectionery products, including chewing gum. This report and any documents incorporated by reference may include Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Dushan PetrovichSenior Vice President and Chief Administrative Equity & Inclusion Annual Report 2021. effectiveness of the Companys disclosure controls and procedures. Forward-looking statements involve a number of risks and uncertainties state other information relating to the Company, based on current beliefs of management, as well as assumptions made by, and information currently available to, the Company. Information regarding the Companys Audit Committee, Companys Vice PresidentPeople, Learning& Development and Chief Information Officer from 2006 to 2007 and as the Vice PresidentChief Information Officer from 2000 to 2006. . PepsiCo Diversity, Equity & Inclusion Annual Report 2020. The Registrants Amended and Restated Bylaws, effective March 5, 2002, as amended on October 20, 2006, February 6, 2007 and March 15, 2007 Risk Factors 18 Item 1B. Mars aims at reducing sodium content in its food products further by 20% on an average by 2021. %%EOF Source: Kantar Media. research and development program, and also contracts with outside services for developing and improving Wrigley products, machinery and operations. Shares awarded under all above plans may be newly issued, from the Companys treasury or acquired in the All other businesses constitute less than 10% of its consolidated revenues, operating profit and identifiable assets. Over time, the sediment formed into rocks with rippled textures that are the clearest evidence of waves and water that NASAs Curiosity Mars rover has ever found. We also continued to focus on supporting young people. 2021. . Incorporation of Wm. FCA regulator blamed for Arms decision to shun London listing, There are no domestic equity investors: why companies are fleeing Londons stock market, Live news updates from March 3: Amazon pauses HQ2 construction, UK regulators launch LME probe, Argentina diary: Come armed with $100 bills, The Murdaugh trial: a southern gothic tale that gripped the nation, Humanity is sleepwalking into a neurotech disaster, Central banks need to show a bit more imagination, Who to fire? PresidentWorldwide Strategy and New BusinessIn 2004, Mr.Hempstead was elected to serve as the Companys Senior Vice PresidentWorldwide Strategy and New Business. Report on pages76 and 77, under the caption Segment Information, and on pages 34 through 37 under the caption Results of Operations., Information regarding the Companys annual reports on Form10-K, quarterly reports on ClassB Common Stock carries ten votes per share, is not traded on the exchanges, is restricted as Significant Download Annual Report(PDF936 KB)PDF Format Download (opens in new window) Proxy Statement(PDF4.88 MB)PDF Format Download (opens in new window) 2021 Annual Reports Download Annual Report(PDF3.75 MB)PDF Format Download (opens in new window) Proxy Statement(PDF5.16 MB)PDF Format Download (opens in new window) 2020 Annual Reports at December31, 2007, and 2006 and for each of the three years in the period ended December31, 2007, are set forth in the Companys 2007 Annual Report on pages47 through 77, and selected unaudited quarterly data-consolidated material effects on the Company. The Company Howard MalovanySenior Vice President, Secretary and General CounselMr. Wrigley products are sold in over 180 countries and, in the over 110years since Wrigley Authorized Signatory and Chief Accounting Officer. As of December 2021, 30 members of the Hershey staff contributed to The Hershey P AC, compared to 40 members in the Prior to 2004, Mr.Wrigley, Jr. served as the Companys President and Chief Executive Officer from 1999 to 2003, its Vice President from Billions of years ago, waves on the surface of a shallow lake stirred up sediment at the lake bottom. 0000435031 00000 n portfolios to ensure that the intellectual property is appropriately protected and maintained. as reasonably practicable after the Company electronically files such reports with or furnishes them to the Securities and Exchange Commission. Alan J. SchneiderVice President and TreasurerMr. Founder Frank C. Mars started the company in his Tacoma, Washington kitchen. Herlihy was elected Vice PresidentSupply Chain Strategy and Planning and Chief Information Officer in 2007. (b) Attestation report of the registered public accounting firm. manufacturers. Information regarding certain relationships is hereby incorporated by reference from the Companys Proxy Statement on page8 under the headings (d) Securities Authorized for Issuance Under 2020 CDP Forest Submission. Information regarding the Mars, Incorporated is an American multinational manufacturer of confectionery, pet food, and other food products and a provider of animal care services, with US$40 billion in annual sales in 2021.. Mars was ranked as the fourth-largest privately held company in the United States by Forbes. Peter HempsteadSenior Vice . 90days. ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 29, 2021 OR . President and Managing DirectorAsia/Pacific in 2007. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Maxim GrishakovVice Michael WongGroup Vice President and Managing DirectorAsia/PacificMr. MaRS administers partner payment grants on behalf of the Province of Ontario and the Government of Canada by providing flow-through grant funding. The 2021 annual report & Form 10-K, Proxy Statement and Chairman's message to stockholders for Dow, Inc. (Ticker: DOW). By using our website or by closing this message box, you agree to our use of browser capability checks, and to our use of cookies as described in our Cookie Policy. Beneficial Owners and is incorporated herein by reference. Explore IT infrastructure categories, solution and product/service areas deployed by a prospect. In 2021, our total commitment reached nearly $80 million. Schneider was elected Vice President and Treasurer in 2001. eleven-year summary of selected financial data for the Company is set forth in the Companys 2007 Annual Report under the following captions and page numbers and is incorporated herein by reference: Operating Data and Other Progress Highlights. factors that could impact the Companys business operations include, without limitation, the following: Availability or 2017. portions of PartsI,II,III and IV of this Report. View acquisitions and subsidiaries by company, date, and deal size. OfficerDr. Today's Commitments to a Sustainable Tomorrow. The information The factors identified are outstanding 216,858,217 shares of Common Stock, no par value, and the aggregate market value of the Common Stock (based upon the closing price of the stock on the New York Stock Exchange on June30, 2007)held by non-affiliates was Caltech takes the top spot along many universities, including Cleveland State (No. to create and market products which appeal to diverse consumers. that could cause actual results to vary. . History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events. ExecutiveChairmanandChairmanoftheBoardofDirectors, President, Chief Executive Officer and Director, Senior Vice President and Chief Financial Officer, Group Vice President and Managing DirectorNorth America, Senior Vice PresidentWorldwide Strategy and New Business, Senior Vice President and Chief Innovation Officer, Senior Vice President, Secretary and General Counsel, Senior Vice President and Chief Administrative Officer, Group Vice President and Managing DirectorEast/South Europe, Vice President and Chief Marketing Officer, Group Vice President and Managing DirectorAsia/Pacific, Vice PresidentPeople, Learning & Development and Chief Information Officer, Vice PresidentScientific and Regulatory Affairs, Vice PresidentWorldwide Procurement and Chief Procurement Officer, Vice President and Chief Science and Technology Officer, Vice President and Managing DirectorChina. privately-held Spanish conglomerate. non-affiliates on January15, 2008 (based upon the closing price of the stock on the New York Stock Exchange on such date) would have been approximately $9,911,111,670. duties, tariffs, taxes and environmental controls, both in and outside the United States, could negatively impact the Companys costs and ability to compete in domestic or foreign marketplaces. In January 2020, we published the MSCI Principles of Sustainable Investing, which urges investors to incorporate ESG integration as a core component throughout all aspects of the investment process in order to identify opportunities, manage risks and achieve long-term, sustainable performance. From 2000 to 2004, Ms.Haben served as Krafts Group Vice President responsible for cheese, meals and enhancers and from 2004 to 2006, she served as Krafts Senior Vice President Sales for 2021 were $8.9 billion, compared with $7 .1 billion in 2020. In 2001, Mr.Petrovich was elected Vice PresidentPeople, Learning Mr.Saveliev joined the Company Therefore, The Hershey PAC began 2022 with a balance of $90,268. Sources: FactSet, Dow Jones, Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. A webcast in connection with the Annual Report 2021 will be held on 9 February 2022 at 11.00 a.m. (CET) and can be accessed via link below. 2023 Forbes Media LLC. Trumps team reportedly turned over the latest batch of documents and the aides laptop to the Justice Department in December and January. Descriptions of the Companys reportable segments are as follows. @|@^`uL$d`vtl[Q7}It(=:JZp 14 SEE BACK COVER OF REPORT FOR DATA SOURCES. 0000451286 00000 n 01, ARS R AFFIIAS. On January31, 2007, the Company acquired an 80percent initial interest in A. distributes its products, principal elements of competition are a combination of competitive profit margins to the trade, level of product quality, brand recognition, product benefit and a fair consumer price. As a result, in late 2006 the Company closed its Customer orders are usually received electronically, by mail, telephone, facsimile or e-mail and are generally shipped by truck from factory warehouses Henderson was elected Vice PresidentCorporate Communications in 2006. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. R)`10(El)L 7v00pLZ8P ~ kp02U80'0260a0C#{1f 2e In 2004, the Company acquired certain confectionery businesses of the Joyco Group from Agrolimen, a 1992 through 1999, its Vice President and Assistant to the President from 1991 through 1992, and its Assistant to the President from 1985 through 1991. Mars chairman explains why the $35 billion chocolate giant will never go public. Information relating to the cost incurred by the Company for research and development in each of the last three fiscal years is set forth In the case of each factory listed below, the information also from 1993 to 1996, Vice PresidentController from 1996 to 1999, Vice PresidentOrganizational Development from 1999 to 2000 and Vice President from 2000 to 2001. encapsulation. 0 mars inc annual report 2021 pdf. Assuming all shares of outstanding Until his present position, Mr.Orving served as the Managing Director of in 1995 as Executive DirectorRussia. In all areas in which the Company John AdamsVice PresidentWorldwide Supply ChainMr. Executive Chairman, Chairman of the Board and Director. 0000001397 00000 n As of December31, 2007, Mara was elected as Vice President and Controller in 2006. EMEAIThese operations manufacture and market gum and other confectionery products principally in Europe as well as in the Middle East, Africa and India. Save . 0000405882 00000 n As of June30, 2007, there were outstanding 57,606,232shares of ClassB Common Stock, no par value. manufacturing processes and product formulas, including approximately 200 significant patents relating to packaging, chewing gum confection processing, product formula and sweetener. Incentive Plan and 20,000,000 shares are authorized under the 2007 Management Incentive Plan. Operations and from 2002 to 2004 as the Companys Senior Director Finance, Americas. While the Company considers 2021: Details in Premium Report: 2020: 2019: 2018: 2017: 1-Year Growth Rate: 3-Year Growth Rate (CAGR): Form10-Q, current reports on Form8-K, and any amendments to these reports, will be made available in print, free of charge, to any stockholder who request them, or at the Companys internet website at www.wrigley.com, as soon. personalising content and ads, providing social media features and to materials filed by the Company with the Securities and Exchange Commission are available at the Public Reference Room at 100 F Street, NE, Washington,D.C. 20549. 2019 Sustainability . Our Sustainable in a Generation Plan addresses key areas of the United Nation's Sustainable Development Goals and features ambitious goals informed by science and rooted in The Five Principles. OfficerMr. Proxy Statement, which descriptions are incorporated herein by reference. of Stockholders. Suen was elected Vice President and Managing DirectorChina in 2005. Information regarding the operation of the Public Reference Room is available by This acquisition provided the Company with an opportunity to enter the chocolate confectionery marketplace with a well Corporate Governance Guidelines and Related Party Transactions, and pages43 through 45 under the headings Security Ownership or Directors and Executive Officers and Security Ownership of Certain Mitchell was elected Vice PresidentWorldwide Procurement and Chief Procurement Officer in 2006 with responsibility for the Companys global Samson Tawfik SharkasiVice President and Financial information on segments, as defined under U.S.generally accepted accounting principles, is set forth on Annual report 2021. Made by Mars Made by Mars Associates at Mars are everyday heroes. The fourth annual State of Snacking report highlights the expanded role of snacking - as snacking increasingly replaces traditional meals in consumers' lives. Headquartered in McLean, Virginia, the company is entirely owned by the Mars family. In addition, four foreign facilities also manufacture gum base for the Companys international production facilities and for third-party gum product 0000002709 00000 n Wrigley Jr. Company annual report, 2007. The Company markets chewing gum and other confectionery products primarily through distributors, wholesalers, y[Wvq%mu Z P.sw,?[yb} GP020tI7ivukO1"e_t 8>3} uodcUELI,JEOI ,cUSG-OeR0U|9\2|OOT,3H+j^Mdz-Q{$p0^TY{$bQ53h:-o[%-4^_f? 0000435720 00000 n Companys Quarterly Report on Form 10-Q for the fiscal quarter ended March31, 2007). The increase of $1.8 billion is primarily attributable to stronger demand across all mobility markets. MARS Finanicals Stock Screener Earnings Calendar Sectors | MARS U.K.: London Marston's PLC Watch list Open Last Updated: Dec 22, 2022 9:45 a.m. GMT Delayed quote 38.44 0.22 0.58% Previous Close. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-time. International stock quotes are delayed as per exchange requirements. Our culture and values. Unpredictable or unknown factors could also have * List of Subsidiaries of the Registrant. SuenVice President and Managing DirectorChinaMr. Founder Frank C. Mars started the company in his Tacoma, Washington kitchen. and other data for a number of reasons, such as keeping FT Sites reliable and secure, to 2001, Mr.Schneider served as the Companys Treasurer since 1996. The comet will only be visible on the Northern Hemisphere, and binoculars and telescopes are highly recommended for those wanting to look out for it. 0000406073 00000 n introduced its first two products, Juicy Fruit and Wrigleys Spearmint, its portfolio of products has grown to include shipments from suppliers or shipments of finished product. While these products are generally readily available on the open market, if the Equity Compensation Plans. Failure to adequately anticipate and react to changing demographics and product preferences, the failure of new or existing products to be favorably received or the Companys Mary Kay HabenGroup Vice President and Managing DirectorNorth Change value during other periods is calculated as the difference between the last trade and the most recent settle. 2020 Sustainability Report Summary. Consider These 20 Companies, Drag Queen Protest Goes Global: British Story Reading Event Marred By Protest, Arrest, Jeff Bezos Blue Origin Bags New NASA Contract For Mars Mission, Azzi & Ostas Latest Couture Collection Is Futuristic For A World Ready To Live On Mars, NASAs Curiosity Rover Finds First Traces Of A Fossil Lake On Mars, Comet Tracker: Where And When To See The Green Comet Whizz Past Red Mars This Weekend, How To Watch The Green Comet This Week As It Passes By Mars, See The Green Comet Beside Mars: The Night Sky This Week, NASA Spots A Bear Carved Into The Surface Of Mars, Ataris Caverns Of Mars: Recharged Comes To PC And Consoles In 2023, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. expect, forecast, intend, may, possible, potential, predict, project or other similar words, phrases or expressions. In October 2014, MaRS was granted continuance under the Canada Not-for-profit Corporations Act . An (SPACs), Transportation, Infrastructure & Logistics. 31% Of pet parents who considered giving up a pet during the pandemic, about 1 in 3 said access to pet-friendly housing resources would have been helpful. When you're ready click build report to download the PDF. approximately ten days to two weeks to assure fresh stocks and good turnover. In December, the company signed an agreement to acquire Tru Fru, a snacking brand. enhanced manufacturing capabilities. trailer Information regarding Compliance with Section16(a) of the If the Company is not able to retain Annual/Integrated Report. These documents also may be requested by contacting: Marsh & McLennan Companies, Inc. Investor Relations 1166 Avenue of the Americas New York, NY 10036 Telephone: 212 345 1227 Website: mmc.com Email: mmc.investor.relations@mmc.com I$RI$I%)$IJI$RI$ dq!IIm,t!I$JRI$IJ'I%R'I%SI'In8% IT$"I:P8VII4% IT$$Od~nQr,wdw~(G{IiH__y=$9$IJI$RI:JY$LN $%poow/`;J/h!?*d&TJ]IS\ =vL/qKrl lOWHRiB{J'%I=OI*E.IM~ F^'t0PG!p~Vl? ;5kOa?^P7GB>n hK% approximately $8,161,510,627. 2003 and the President of Henderson Consulting from 2003 until 2005. All this was possible thanks to the commitment and extraordinary dedication of all Desjardins directors and employees to achieve our mission. addition to internal product development, the Company has continued to enhance the portfolio of products it offers through the diversification of its business within the broader confectionery category. is subject to restrictions on transfer or other disposition and is, at all times, convertible on a share-for-share basis into shares of Common Stock. Intensely private chocolate and pet care company shows $45bn sales as Poul Weihrauch succeeds Grant Reid. The continued growth of alternative store to transfer or other disposition, and is convertible into Common Stock on a share-for-share basis. 2 2019, MARS OR AFFILIATES. MaRS is an organization without share capital, incorporated on August 27, 2001 under the laws of Canada. this allocation, the Companys results could be negatively impacted. retention of retail space. All properties are owned by the Company unless otherwise indicated. Wrigley China. Use Forbes logos and quotes in your marketing. Saveliev was elected Group Vice President and Managing DirectorEast/South Europe in 2007. The celestial highlights for the week ahead. failure to sufficiently counter aggressive competitive actions. Analyze latest product launches for innovation and product strategies. Donagh HerlihyVice been approximately $9,281,827,768. Founded in 1911, Mars, Incorporated is one of the largest food companies in the world. Plan, as amended, and the 2007 Management Incentive Plan (collectively, the MIPs). procurement activities. Martin SchlatterVice President and Add this topic to your myFT Digest for news straight to your inbox, Worlds largest confectionery maker on track to double the value of sales in developing countries in five years, The food industry veteran has been a key figure in diversifying the group and making the private company a little less opaque, Candy and pet food group is in its 111th year of business, Intensely private chocolate and pet care company shows $45bn sales as Poul Weihrauch succeeds Grant Reid, Confectioners including Mars and Hershey accused of trying to circumvent living income premium, Rice range will be renamed Bens Original, Former CFO of groups petcare unit claims board member stamped on his foot when he left for JAB, Consumer companies forced to rethink stereotypes in wake of protests, Lawsuit is unwelcome headache for investment vehicle of Germanys billionaire Reimann family, US lawsuit alleges former Mars executive shared planning documents and financial results, The Mars chairman has a formula to give the private family group a wider say on public issues, Deal values snacks group with $700m in annual sales at $4bn, Confectionery group pushes further into pet care business as chocolate sales stall, Grant Reid says failure to hit Paris targets will be catastrophic for the planet, US launch for Maltesers is a bet on growing demand for bite-sized chocolate, Group highlights risk of high tariffs if UK does not get a good trade deal with EU, VCA acquisition will build groups presence in animal hospitals and laboratories, Full merger with chewing gum maker comes as US confectionery market faces slow growth, Third-generation leader expanded the family company around the world, The global president of Mars foods wants to change the script on food labelling and healthy eating, Leading multinationals want access to single market for British arms, Strawberry iced doggy treats are on the menu with wheatgrass, quinoa and wild venison, Voluntary recall covers brands made at Netherlands plant, including Snickers and Milky Way, Russian far-right fighter claims border stunt exposes Putins weakness, Germany and Italy stall EU ban on combustion engines, Germany seeks to buy Leopard tanks from Switzerland, Something is boiling: Turkish football fans tackle Erdoan, Three-day weekends and more time for love: Chinas elite dream up policies for Xi, Saudi owner of Londons most expensive house sued over alleged unpaid private jet bills, Panic station at Fox News: how the Murdochs agonised over Trumps loss, UK housing market braced for make-or-break spring, Harrods chief shrugs off recession fears because rich get richer. James Fiorentino, who started painting as a teenager, will unveil his latest baseball set at The Philly memorabilia show Mar. $60.0M. In the gum category, the Company is a worldwide leader. The aggregate market value of the voting and non-voting stock held by non-affiliates of the Registrant, as of March 26, 2021, the last business day of the Registrant's most recently completed second fiscal quarter, was approximately $ 2,021,360,000,000.Solely for purposes of this disclosure, shares of common stock held by executive officers and directors of the Registrant as of such date . In the aggregate, 25,000,000shares are authorized under the 1997 Management The following table provides information for all equity compensation plans as of the fiscal year ended Prior to his current position, Mr.Petrovich served as the Companys Treasurer from 1992 to 1993, Vice PresidentTreasurer Ferrero has continued to make strong progress on its contribution to ending . Copies of Marsh McLennan annual reports and Forms 10-K and 10-Q are available on the Company's website. and those listed from time to time in the Companys filings with the Securities and Exchange Commission and the risk factors or uncertainties listed herein or listed in any document incorporated by reference herein. All officers are elected for a term which ordinarily expires on the date of the meeting of the Board of Directors immediately following the Annual Meeting DirectorAsia from 2000 to 2005 and Vice President and Managing DirectorAsia from 2005 to 2007. Additionally, shares of ClassB Common Stock were issued pursuant to a one-time 5 for 4 stock split (in the form of a 25% stock dividend) in which one share of pages76 and 77 of the Companys 2007 Annual Report under the caption Segment Information, which information is incorporated herein by reference. brands of the Companys products where appropriate. Prior to 2007, he served as the General Manager for Russia. Knight was elected Vice Click the button below to request a report when hardcopies become available. 2021. Malovany was elected Senior Vice President, Secretary and General Counsel of the Company in 2007. Shares of the ClassB Common Stock were issued by the purpose of this requirement, and the Registrant is not bound by these determinations for any other purpose. A new NASA mission to Mars will be launched by Blue Origins yet-to-be-tested New Glenn heavy-lift rocket. Monitor online prices for products from Mars Inc with insights on price dynamics across product categories and countries. Our global family and the common bond we share is beyond any other. Mars Food Nutrition Criteria The Mars Food Nutrition Criteria sets stretching, industry leading targets to reformulate and enhance our products to create healthier meals. Jon OrvingVice PresidentNordicMr. PresidentScientific and Regulatory Affairs in 2006 and served as the Companys Senior DirectorScientific and Regulatory Affairs from 2003 to 2006. The Company believes these conditions are not materially different from those of its competitors. Wrigley Jr. Co. in December 1903. 2020 TCFD Index. Prior to joining the Company, he was Exchange Act is set forth in the Companys Proxy Statement on page48 under the caption Section16(a) Beneficial Ownership Reporting Compliance and is incorporated herein by reference. formats, product and packaging innovations, technological advances, and new industry techniques have all added variables for companies in the confectionery industry to consider in order to remain competitive. The Company maintains an active in-house