Ex-Mars CEO named Lipton chair

Former Mars CEO Grant Reid has joined Lipton Teas & Infusions arsenic the hot-drinks group’s chair.

Lipton, which hired a caller CEO successful October, said Reid takes up the presumption “effective immediately”.

Reid, who spent much than 3 decades astatine Mars, was the Snickers and Pedigree maker’s main enforcement for 8 years up to September 2022. He was succeeded by Poul Weihrauch, the president of Mars’ pet-care business.

“I americium thrilled that idiosyncratic with the stature and acquisition of Grant has agreed to go our caller seat and I americium assured helium volition beryllium an invaluable enactment and root of contented and situation for each of us,” Lipton CEO Marc Busain said.

Reid volition clasp his positions connected the boards of Vanguard and Marriott International.

Busain joined Lipton from Heineken, wherever helium spent astir of his vocation aft starting the brewing giant’s concern squad successful 1995.

In October, the company, which sells successful 150 markets, confirmed it had offloaded 2 factories successful Türkiye.

Lipton said the merchantability of the sites successful Rize to section beverage concern Öz-Gür Çay was successful enactment with its efforts to absorption “on our halfway strengths”.

Last twelvemonth besides saw Lipton unfastened a blending and packing tract successful Sakarya, a metropolis successful occidental Türkiye. Tea from the factories successful Rize proceed to beryllium sent to the installation successful Sakarya for blending and packing.

The Pukka and PG Tips maker, which is controlled by private-equity steadfast CVC Capital Partners, buys astir 4% of the world's beverage output, according to its website.

According to the company's 2025 sustainability report, it generated gross of €1.57bn ($1.83bn) successful 2024.

"Ex-Mars CEO named Lipton chair" was primitively created and published by Just Drinks, a GlobalData owned brand.

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