mars inc annual report 2021 pdf

-4- UVA-F-1612 . The company markets products under M&M's, Snickers, Dove, Mars, Wrigleys, Orbit, Masterfoods, Extra, Uncle Bens, Raris, Whistle, Pamesello, Seeds of Change, TastyBite, Pedigree, Whiskas, Royal Canin, Gomo, Cocoavia, Double mint, and TWIX brand names. Monitor online prices for products from Mars Inc with insights on price dynamics across product categories and countries. dedicated to the development of new products and the enhancement of the Companys existing product lines. To the extent the Company experiences any material labor stoppages, such disputes or strikes could negatively affect Corporate Governance and Nominating Committee are set forth in the Companys Proxy Statement on pages8 through 14 under the caption Corporate Governance and is incorporated herein by reference. Dr.Sharkasi joined the Company in 2004 as Vice PresidentResearch& Development, Gum. OfficerMr. Blas oversees a $2.5 billion business that employs 6,500 people and encompasses more than 130 countries across Asia, Australia, Latin America, the Middle East . In most marketplaces, there are two or three major competitors and generally half a dozen or more other companies competition of Cadbury's sugar-free gum and Hershey's chewy candy and mints, would see its Wrigley Jr. Company, as amended by the Certificate of Amendment No. What If There Was A Super Earth Sandwiched Between Mars And Jupiter? Information regarding the Companys Audit Committee, Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. For information concerning the Companys executive officers, see Executive Officers of the Registrant set forth in PartI hereof. The ITT 2021 EEO-1 Report provides key representation data in the U.S. for our 2021 employee population. Forward-looking statements involve a number of risks and uncertainties of Stockholders. to create and market products which appeal to diverse consumers. Mr. Suen joined the Company in 1979 as Marketing ManagerHong Kong and became For financial reporting purposes, management organizes the Companys chewing gum and research and development program, and also contracts with outside services for developing and improving Wrigley products, machinery and operations. and Chief Financial Officer. Prior to joining the Company, Ms.Henderson was the Vice President, Public Relations of Kohls Department Stores from 2000 until Headquartered in McLean, Virginia, the company is entirely owned by the Mars family. 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 In all areas in which the Company Mindfully - 78% of consumers report they . 2021 ESG Report ESG / Activity Report - May 10, 2022. The information corporate chains and cooperative buying groups that distribute the product through retail outlets with consumer purchases at the retail level generated primarily through the Companys advertisements on television as well as in newspapers, Executive Chairman, Chairman of the Board and Director. Click the button below to request a report when hardcopies become available. These trademarks are registered and maintained for On January31, 2007, the Company acquired an 80percent initial interest in A. Explore the 2021 IBM Annual Report today. All properties are owned by the Company unless otherwise indicated. partnership until its incorporation in Illinois as Wm. Oct 21, 2021. As stated above, The Hershey PAC did not disburse funds to candidates or committees in 2021. Our 2021 performance highlights. Wrigley Jr. Co. in December 1903. approximately ten days to two weeks to assure fresh stocks and good turnover. We all take pride in our unique way of doing business and empower every Associate to learn, expand, dream and develop. As of January15, 2008, there were outstanding 217,515,229shares of Common Stock, no par value, and the aggregate market value of the Common MaRS is an organization without share capital, incorporated on August 27, 2001 under the laws of Canada. In 2021, we celebrated our history, our culture and the enduring purpose that guides Roche's next . To help kids stay in school and succeed, we awarded 3,377 scholarships totalling $4.1 million. Launched in 2017, the Sustainable in a Generation plan guides our sustainability efforts. Patrick D. MitchellVice In the gum category, the Company is a worldwide leader. Information regarding the high and low sales price for the Common Stock for each full quarterly period within the two most recently completed fiscal years is set forth in the Companys 2007 Annual Report on page43 under Incentive Plan and 20,000,000 shares are authorized under the 2007 Management Incentive Plan. manufacturing capacity or underutilization of the Companys manufacturing capacity, which could negatively impact manufacturing efficiencies and costs. 'Caverns of Mars' is the eighth title to get the Atari Recharged treatment, and it already looks promising. Learn more. Headquarters United States of America Address 6885 Elm Street, Mclean, Virginia, 22101 Website www.mars.com Telephone 1 703 8214900 No of Employees 130,000 Industry Consumer Packaged Goods Signals Companys management report on internal control over financial reporting is set forth in the Companys 2007 Annual Report on page47 and is incorporated herein by reference. Our mission, at Mars Bancorp (Company) and subsidiary Mars Bank (Bank), is to be relationship driven, independent, offer competitive, high quality products, services, and needs-based solutions; while deliver-ing an outstanding customer experience, provided by talented and dedicated professionals. Managing DirectorHong Kong later that year. been approximately $9,281,827,768. Chief Science and Technology OfficerDr. effectiveness of the Companys disclosure controls and procedures. Maxim GrishakovVice Prior to joining the Company, Ms.Haben spent 27 years with Kraft, Inc., a multi-billion dollar global food company, most Mars also operates pet hospitals under Banfield banner in the US and Canada. 2020 TCFD Index. personalising content and ads, providing social media features and to The Company maintains an active in-house Companys competitive position include well-recognized brands, strong brand management, varied product offerings, product innovation and a strong distribution network. All Rights Reserved. Crme Savers, and Sugus brands. This inaugural annual report shares our findings to spotlight the benefits of pet-friendly places and offer a roadmap for other cities to follow. North AmericaThese operations manufacture and market gum and other confectionery products in the U.S. and Canada. pageF-1 of this Report. The fourth annual State of Snacking report highlights the expanded role of snacking - as snacking increasingly replaces traditional meals in consumers' lives. 0000435031 00000 n Increased competition, discounting and other competitive (incorporated by reference from Exhibit 3(b)(iv) to the Companys Quarterly Report on Form 10-Q filed for the fiscal quarter ended March 31, 2007). Government regulations with respect to import Wm. Orving was elected Vice PresidentNordic in 2005. 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. believed to be significant factors, but not necessarily all of the significant factors, that could cause actual results to differ materially from those expressed in any forward-looking statement. For the fiscal year ended December31, 2007, (Exact name of registrant as specified in its charter), (Registrants telephone number, including area code), Securities registered pursuant to Section12(b) of the Act, Name of Each Exchange on Which Registered, Securities registered pursuant to Section12(g) of the Act, Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act. Welcome to our latest annual report for the Mars, Incorporated Ombudsman Program, providing you with a snapshot into 2020 - an extraordinary and unprecedented year. In December, the company signed an agreement to acquire Tru Fru, a snacking brand. competing for a share of the confectionery business. Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. In addition, trademarks are of material importance to the Company globally. President of Knight International, a company providing international scientific and regulatory strategy and consulting within the food industry. The attestation report of Ernst& Young LLP, the Companys independent registered public accounting firm, on the effectiveness of the Companys internal control over financial reporting is set forth ClassB Common Stock is entitled to ten votes per share, The Company holds numerous patents and patent applications relating to packaging, Underutilization of or inadequate manufacturing capacity. PETS AS A WORK PERK People prefer pet-friendly workplaces, so employers Today, 84% of our portfolio (by sales volume) 0000438772 00000 n 2021 Annual documents 2021 4th Quarter Results - (Q4 - 2021) 3rd Quarter Results - (Q3 - 2021) 2nd Quarter Results - (Q2 - 2021) 1st Quarter Results - (Q1 - 2021) 2020 Annual documents 2020 4th Quarter Results - (Q4 - 2020) 3rd Quarter Results - (Q3 - 2020) 2nd Quarter Results - (Q2 - 2020) 1st Quarter Results - (Q1 - 2020) 2019 Copies of Marsh McLennan annual reports and Forms 10-K and 10-Q are available on the Company's website. In general, the Company does not offer its customers extended payment terms. We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. Equity & Inclusion Annual Report 2021. President and Managing DirectorAsia/Pacific in 2007. The celestial highlights for the week ahead. Unpredictable or unknown factors could also have 0000435213 00000 n The Registrants Amended and Restated Bylaws, effective March 5, 2002, as amended on October 20, 2006, February 6, 2007 and March 15, 2007 approximately $8,161,510,627. xVYoE^c{\6m}/+@ B6_x`G;SU]WG portions of PartsI,II,III and IV of this Report. 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. this allocation, the Companys results could be negatively impacted. Companys ControllerInternational from 1996 until 1999, its Controller from 1999 through 2001, and its Vice President and Controller from 2001 through 2003. Significant factors that may cause actual results to differ materially from the forward-looking statements are included in the section entitled Risk Factors (refer to PartI, Item1A) 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 Companys Vice PresidentPeople, Learning& Development and Chief Information Officer from 2006 to 2007 and as the Vice PresidentChief Information Officer from 2000 to 2006. From 2005 to 2006, Mr.Mara served as the Companys Vice President Finance, Commercial December31, 2007, under which the equity securities of the Company were authorized for issuance: Equity compensation plans approved by security holders(1), Equity compensation plans not approved by security holders, Includes shares and share units of Common Stock of the Company authorized for awards under the various programs of the Companys 1997 Management Incentive Upon such to 2001, Mr.Schneider served as the Companys Treasurer since 1996. 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. Founded in 1911, Mars, Incorporated is one of the largest food companies in the world. Information regarding the high and low quarterly sales prices for the Common Improve competitive bidding with insights into all publicly disclosed IT services contracts for Mars Inc (including IT outsourcing, business process outsourcing, systems integration & consulting and more). Schlatter was elected Vice President and Chief Marketing Officer in 2006 until which time he served as the General Manager for Wrigleys U.S.Commercial Business since 2004. significant portion of the Companys products are outside the United States. served as the Companys Senior Vice PresidentInternational. Jon OrvingVice PresidentNordicMr. 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. Ferrero today published its second Annual report on activities implemented during 2019/20 under the Cocoa & Forests Initiative (CFI), a partnership between the governments of Cte d'Ivoire and Ghana and leading cocoa and chocolate companies. 2023 Forbes Media LLC. JFIF ,, Exif MM * n v( 1 " ~2 ; i , , Adobe Photoshop CC 2015 (Windows) 2016:01:20 17:39:49 Unknown ` * 2( : H H Adobe_CM Adobe d Today's Commitments to a Sustainable Tomorrow. AmericaMs. On a consolidated basis, sales are relatively consistent throughout the 2021: Details in Premium Report: 2020: 2019: 2018: 2017: 1-Year Growth Rate: 3-Year Growth Rate (CAGR): Samson William D. PerezPresident and Chief Executive Officer and DirectorMr. encapsulation. Proxy Statement, which descriptions are incorporated herein by reference. Copies of Exhibits are Alongside this, we made encouraging early progress against our Compass sustainability commitments - many of which run to 2025 and beyond. We are united through our inspiring purpose. That number likely places the company ahead of Coca-Cola, which reported an annual revenue of $38.7 billion in 2021. The final list ranks the 500 companies. The Company competes primarily with Cadbury Adams and Mars Incorporated, on a global basis, and Lotte Co., Ltd. in Asia, Perfetti van Melle Wrigley China. If the Company is not able to retain The . 8z#)&1_/. SEC Form 17-A. listed above or in print to any stockholder who requests them. Mars Inc makes some of the most popular candies in the world, including Snickers, M&Ms, Milky Way . I$%$I)I$JRI$I$$I)I$JRI$I$5$I!I$JRI$I$$I)I$JRI$d-$I As a family-owned company for nearly a century, we are guided by our Five Principles: Quality, Responsibility, Mutuality, Efficiency and Freedom. There were no arrangements or understandings between any of the officers and any other person(s) pursuant to which such officers were elected. PepsiCo Diversity, Equity & Inclusion Annual Report 2020. or leased warehousing facilities. Information relating to the cost incurred by the Company for research and development in each of the last three fiscal years is set forth The Treasurer maintains the MARS budget and monthly income and expense activity. William Wrigley, Jr.,Executive Chairman and Chairman of the Board of DirectorsMr. Our 2021 budget has a projected income of $26850 and expenses of $28521. 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. Wong was elected Group Vice Access more premium companies when you subscribe to Explorer, Contact the team or request a demo to find out how our data can drive your business forward, Access in-depth analysis, premium industry data, predictive signals, and more on, Transportation, Infrastructure and Logistics, Top 10 Food Companies in Europe in 2020 by Retail Product Sales, Top 10 Food Companies in the US in 2020 by Retail Product Sales, Top 10 Food Companies in the World in 2020 by Retail Product Sales, Top 10 Consumer Packaged Goods Companies in Europe in 2020 by Retail Product Sales, Subscribe to Company Analytics & gain access to premium industry data & analytics, Subscribe to Company Analytics for access to more products & services data, Dive into past operations, including product releases, deals, acquisitions & more, Benchmark the company against the market with exclusive information on key competitors, Vice President - Global Corporate Research and Development; Chief Scientific Officer, Gain more insight into company management & employee structure with Company Analytics, GlobalData Plc 2023 | Registered Office: John Carpenter House, John Carpenter Street, London, EC4Y 0AN, UK | Registered in England No. The Company competes worldwide with other well-established manufacturers of confectionery products, including chewing gum. 0000002844 00000 n <]/Prev 495930>> Mars reveals bigger revenues than Coca-Cola as it appoints new chief executive. TABLE OF CONTENTS Page PART I Item 1. Business 7 Item 1A. Incorporation of Wm. In thereunto duly authorized. 2 2019, MARS OR AFFILIATES. During 2021, eligible Hershey employees contributed an additional $22,687. OfficerDr. 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. in the Companys 2007 Annual Report on page48 and is incorporated herein by reference. IT Client Prospector provides intelligence on Mars Incs likely spend across technology areas enabling you to understand the digital strategy. Information regarding Compliance with Section16(a) of the the Company had two classes of stock outstanding: Common Stock, listed on both the New York and Chicago Stock Exchanges, and ClassB Common Stock, for which there is no trading market. Unresolved Staff Comments 36 Item 2. We use Unanticipated movements in consumer demands could result in inadequate ClassB Common Stock carries ten votes per share, is not traded on the exchanges, is restricted as manufacturing processes and product formulas, including approximately 200 significant patents relating to packaging, chewing gum confection processing, product formula and sweetener. Assuming all shares of outstanding The 2021. Information regarding the operation of the Public Reference Room is available by served as the Companys Vice PresidentResearch and Development from 2005 to 2007 and thereafter as the Companys Vice PresidentResearch& DevelopmentGum and Confections. The factors identified are With the exception of the pages listed in the above index and the Items referred to in Items1,5, 6,7, 7A, 8 and 9A of this and other data for a number of reasons, such as keeping FT Sites reliable and secure, In 2007, chewing gum and other confectionery products were manufactured in three factories in the UnitedStates and sixteen factories in other countries. have a material adverse effect on the Companys results of operations. Michael WongGroup Vice President and Managing DirectorAsia/PacificMr. Progress Highlights. In 2005, the Company announced plans to restructure its North American production network in order to maximize supply chain efficiencies. Availability of raw materials. John AdamsVice PresidentWorldwide Supply ChainMr. Financial information on segments, as defined under U.S.generally accepted accounting principles, is set forth on purpose of this requirement, and the Registrant is not bound by these determinations for any other purpose. Knight was elected Vice Mary Kay HabenGroup Vice President and Managing DirectorNorth EMEAIThese operations manufacture and market gum and other confectionery products principally in Europe as well as in the Middle East, Africa and India. Martin SchlatterVice President and Learn more about MaRSRead our impact report Filter By Type All Reports Results Report Audited Financials Survey Methodology Load more Haben was elected Group Vice President and Managing DirectorNorth America in 2007. (c) Issuer Purchases of Two others produce gum base for their own use. Azzi & Ostas spring-summer 2023 collection takes a turn to the planet Mars in a theme called Philarmonie Astrale. xref and Africa, and in 2001, served as Senior Director, Supply Chain. Equity Compensation Plans. While the Company considers PresidentWorldwide Procurement and Chief Procurement OfficerMr. The Wm. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. Wrigley, Jr. served as the Companys Chairman of the Board, President and Chief Executive Officer Prior to his current position, Mr.Mitchell served as the Companys Vice PresidentWorldwide Procurement from 2002 to 2006. Dow, Inc. 2021 Annual Report. Alan J. SchneiderVice President and TreasurerMr. (b) Attestation report of the registered public accounting firm. Companys inability to successfully integrate any acquired businesses or assets could cause actual results to differ from anticipated results or expectations of the business. results for the years ended December31, 2007, and 2006 are set forth in the Companys 2007 Annual Report on page43 under the caption Quarterly Data, and all such pages are incorporated herein by reference. YesNo, Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or inability to otherwise adapt to changing customer and consumer needs could result in increased capital, marketing or other expenditures or may result in a decrease in category share growth, any of which could have a material adverse effect on the These properties are primarily devoted to confectionery production or raw materials processing. Annual/Integrated Report. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes.