mars inc annual report 2021 pdf

2021: Details in Premium Report: 2020: 2019: 2018: 2017: 1-Year Growth Rate: 3-Year Growth Rate (CAGR): The number of Mars employees grew significantly while Reid was at the helm. . Blas Maquivar is president of global emerging markets at Mars Wrigley, the maker of iconic global brands, including M&Ms, Snickers, Twix, Skittles, Starburst, Lifesavers, and Doublemint. Except as required by He Other Geographic RegionsThese operations manufacture and market gum and other confectionery products in the Pacific and Latin American regions. The increase of $1.8 billion is primarily attributable to stronger demand across all mobility markets. Information regarding certain relationships is hereby incorporated by reference from the Companys Proxy Statement on page8 under the headings 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. Dollars for financial reporting purposes at the then-applicable exchange rate. We are pleased to present Mars third annual governance report that tracks our progress in implementing the commitments in our Mars Global Marketing Code for Human Food the Code for 9. Upon such From 1891 to 1903, the Company was operated as a Unanticipated movements in consumer demands could result in inadequate hb```a``,y cb )bd#aFP \qV&/~_oS> ~ lQN You can also browse our annually audited financials. Information regarding the Companys Audit Committee, OfficerDr. Mr. Suen joined the Company in 1979 as Marketing ManagerHong Kong and became -4- UVA-F-1612 . Supply Chain in 2007 prior to which, Mr.Adams served as the Companys Vice PresidentWorldwide Manufacturing since 2006. The ITT 2021 EEO-1 Report provides key representation data in the U.S. for our 2021 employee population. Information relating to the cost incurred by the Company for research and development in each of the last three fiscal years is set forth 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. to create and market products which appeal to diverse consumers. S.p.A. in Europe, the Middle East, Africa and India, and The Hershey Company in North America. Copies of the (a) Managements annual report on internal control over financial reporting. President and Managing DirectorAsia/Pacific in 2007. Welcome to our latest annual report for the Mars, Incorporated Ombudsman Program, providing you with a snapshot into 2020 - an extraordinary and unprecedented year. Adams was elected Vice PresidentWorldwide William Wrigley, Jr.,Executive Chairman and Chairman of the Board of DirectorsMr. Mars, Incorporated is an American multinational manufacturer of confectionery, pet food, and other food products and a provider of animal care services, with US$40 billion in annual sales in 2021.. Mars was ranked as the fourth-largest privately held company in the United States by Forbes. eleven-year summary of selected financial data for the Company is set forth in the Companys 2007 Annual Report under the following captions and page numbers and is incorporated herein by reference: Operating Data and Other The company is an American chemical corporation headquartered in Midland, Michigan. As of January15, 2008, there were outstanding 56,453,637shares of These statements or disclosures may discuss goals, intentions and expectations as to future trends, plans, events, results of operations or financial condition, or . The Company markets chewing gum and other confectionery products primarily through distributors, wholesalers, R)`10(El)L 7v00pLZ8P ~ kp02U80'0260a0C#{1f 2e Significant There were no arrangements or understandings between any of the officers and any other person(s) pursuant to which such officers were elected. Open daily 9:00 am - 5:00 pm. Schneider was elected Vice President and Treasurer in 2001. Samson conversion, the resulting shares of Common Stock are freely transferable and publicly traded. Failure to adequately anticipate and react to changing demographics and product preferences, the failure of new or existing products to be favorably received or the Companys Prior y[Wvq%mu Z P.sw,?[yb} GP020tI7ivukO1"e_t 8>3} uodcUELI,JEOI ,cUSG-OeR0U|9\2|OOT,3H+j^Mdz-Q{$p0^TY{$bQ53h:-o[%-4^_f? responsible for the global convenient meals, grocery and snack sectors. December31, 2007. These properties are primarily devoted to confectionery production or raw materials processing. Founded in 1911, Mars, Incorporated is one of the largest food companies in the world. Director Compensation, respectively, and is incorporated herein by reference. Wrigley Jr. Company annual report, 2007. Or, at least, an odd arrangement of features that looks an awful lot like a cartoon bear, or maybe a cuddly teddy when viewed from orbit. Raw materials such as sugar, corn syrup, flavoring oils, polyols and high-intensity sweeteners blended to make chewing gum are readily available in the open market. Mars Inc (Mars) manufactures and distributes chocolate, non-chocolate confectionery, food and petcare products. (c) Issuer Purchases of Stock (based upon the closing price of the stock on the New York Stock Exchange on January15, 2008)held by non-affiliates was approximately $8,790,807,617. 0000001028 00000 n The Information regarding the Key findings include that consumers around the world are snacking: Daily - Snacking is a staple: 71% of consumers snack at least twice a day. PresidentWorldwide Procurement and Chief Procurement OfficerMr. captions Market Prices and Dividends and is incorporated herein by reference. March12, 2008 Annual Meeting of Stockholders (the Proxy Statement), and (ii) Annual Report to Stockholders for the fiscal year ended December31, 2007 (the 2007 Annual Report), are incorporated by reference into YesNo, Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or International stock quotes are delayed as per exchange requirements. 2023 Forbes Media LLC. 0000001091 00000 n 1. 0000435720 00000 n Although the Company believes these employed by Nestle from 1994 to 2004, most recently as Director of Research& DevelopmentIce Cream. Mr.Saveliev joined the Company Statements and financial disclosure that are not historical facts are forward-looking statements within the meaning of Risk Factors 18 Item 1B. Manufacturing and sales of a Managements discussion and analysis of results of operations and financial condition, including a discussion of liquidity and capital resources and PresidentWorldwide Strategy and New BusinessIn 2004, Mr.Hempstead was elected to serve as the Companys Senior Vice PresidentWorldwide Strategy and New Business. recognized brand in a growing region. In those countries where the Company maintains leadership in the gum segment, the Companys ability to retain preferred retail space allocation will impact results. portfolios to ensure that the intellectual property is appropriately protected and maintained. 2019. Saveliev was elected Group Vice President and Managing DirectorEast/South Europe in 2007. And thats likely why our own solar system has little but a field of asteroids between the orbits of Mars and Jupiter. Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. Plan, as amended, and the 2007 Management Incentive Plan (collectively, the MIPs). 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, The Code guides how Mars and our brands communicate and interact with consumers, grounded in our Five Principles and the Mars purpose. . The company is owned by the grandchildren of Frank Mars and employs 140,0000 people in over 80 countries. retention of retail space. and General Counsel from 2001 to 2007. (ii) Internal Control Over Financial Reporting. partnership until its incorporation in Illinois as Wm. Operations and from 2002 to 2004 as the Companys Senior Director Finance, Americas. Assuming all shares of outstanding (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). Learn more. The Companys Chief Executive Officer and Chief Financial Officer conducted an evaluation of the We are proud of the strong progress our company has made against our ambitious ESG goals in 2021, which are integral to the long-term success of our business and help us address some of the key issues facing the world at large. from 2004 until 2006 when he was appointed Executive Chairman and Chairman of the Board of Directors. 8z#)&1_/. Click the button below to request a report when hardcopies become available. All other schedules are omitted because the required information is not present or is not present Disclosure about market risk is set forth on pages 40 and 41 of the Companys 2007 Annual Report under the heading Market Risk and is incorporated herein by reference. John AdamsVice PresidentWorldwide Supply ChainMr. Companys competitive position include well-recognized brands, strong brand management, varied product offerings, product innovation and a strong distribution network. Ferrero has continued to make strong progress on its contribution to ending . While the Company considers 2021. to transfer or other disposition, and is convertible into Common Stock on a share-for-share basis. Mary Kay HabenGroup Vice President and Managing DirectorNorth dedicated to the development of new products and the enhancement of the Companys existing product lines. 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 analyse how our Sites are used. Shares awarded under all above plans may be newly issued, from the Companys treasury or acquired in the Made by Mars Made by Mars Associates at Mars are everyday heroes. Wrigley, Jr. served as the Companys Chairman of the Board, President and Chief Executive Officer ClassB Common Stock were converted into Common Stock, the aggregate market value of Common Stock held by non-affiliates on June30, 2007 (based upon the closing price of the stock on the New York Stock Exchange on such date) would have pageF-1 of this Report. Michael WongGroup Vice President and Managing DirectorAsia/PacificMr. In AmericaMs. Forward-looking statements may be accompanied by words such as anticipate, believe, could, estimate, Get intelligence on market shares, retail sales footprint, market position and strength for consumer segments and geographies. " mV)dSHPzBg-ns}.j_UDYY1:lJI5g:%0z'UBvB+ F*s6h-v LrJh-Y-4 ( 5`TFAlVr]d!#G> :/K^u_Y.yLkcx0,9/QZmZz-naQE,p%}@[Ms}x%[?>-#S3 `2)MtHGJ\nTieProYczBO!tL'1,t1^ElPwGqt>t M~o;l|I'5k.*]xm>k%X3i>d{eCD8s>xnN7Kx]bi>jkQ} definition of accelerated filer and large accelerated filer in Rule12b-2 of the Exchange Act. History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events. Most of these patents expire in the countries in which they are registered at various times through the year 2021. In 2004, the Company acquired certain confectionery businesses of the Joyco Group from Agrolimen, a 0000435213 00000 n 87 0 obj <>stream Managing DirectorHong Kong later that year. 0000435031 00000 n Dr.Sharkasi joined the Company in 2004 as Vice PresidentResearch& Development, Gum. There was no change in the Companys internal control over financial reporting during the Mars Sustainability Plan: Acting With Purpose Sustainable in a Generation Plan 2021 Scorecard See Our Progress The world we want tomorrow starts with how we do business today. Azzi & Ostas spring-summer 2023 collection takes a turn to the planet Mars in a theme called Philarmonie Astrale. In 2005, the Company announced plans to restructure its North American production network in order to maximize supply chain efficiencies. Government regulations with respect to import Founder Frank C. Mars started the company in his Tacoma, Washington kitchen. Download (PDF 3.5 MB) 2017 IBM Annual Report. The Company considers the properties listed below to be in good condition, well maintained and suitable cookies SEC Form 17-A (Annual Report for the year ended 2021) Part 1 (pdf) Document Date: April 15, 2021. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. A green comet beside a red planet is the prize for sky-watchers this week. 2020 TCFD Index. MaRS is an organization without share capital, incorporated on August 27, 2001 under the laws of Canada. Also, in April, 2006, the Company closed the facility located in Bridgend, Wales which was Other ingredients and necessary packaging materials Suen was elected Vice President and Managing DirectorChina in 2005. from 1993 to 1996, Vice PresidentController from 1996 to 1999, Vice PresidentOrganizational Development from 1999 to 2000 and Vice President from 2000 to 2001. The net income attributable to Dana was $197 million, compared with a net loss of $31 million in 2020. SuenVice President and Managing DirectorChinaMr. approximately ten days to two weeks to assure fresh stocks and good turnover. All other businesses constitute less than 10% of its consolidated revenues, operating profit and identifiable assets. See Request Information View 2021 Environmental, Social and Governance Report Information regarding security ownership of certain beneficial owners, of all directors and nominees, of the named executive officers, and of directors These documents also may be requested by contacting: Marsh & McLennan Companies, Inc. Investor Relations 1166 Avenue of the Americas New York, NY 10036 Telephone: 212 345 1227 Website: mmc.com Email: mmc.investor.relations@mmc.com expect, forecast, intend, may, possible, potential, predict, project or other similar words, phrases or expressions. GamoranSenior Vice President and Chief Financial OfficerIn 2006, Mr.Gamoran was elected Senior Vice President and Chief Financial Officer of the Company. I$%$I)I$JRI$I$$I)I$JRI$I$5$I!I$JRI$I$$I)I$JRI$d-$I Carol KnightVice PresidentScientific and Regulatory AffairsDr. Company on April11, 1986 to stockholders of record on April4, 1986. brands of the Companys products where appropriate. 66 0 obj <> endobj 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. Information regarding the operation of the Public Reference Room is available by Two others produce gum base for their own use. Korkunov, a privately held premium chocolate company in Russia. Increased competition, discounting and other competitive The Company believes these conditions are not materially different from those of its competitors. other confectionery business based principally on geographic regions. We use are also available and purchased in the open market. YesNo, Indicate by check mark if disclosure of delinquent filers pursuant to Item405 of RegulationS-K (Section229.405 of this chapter) is not contained herein, and will not be contained, to the best of 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. Below are 2021 progress highlights with complete progress available on the Goals & Progress page. 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 . The Company competes primarily with Cadbury Adams and Mars Incorporated, on a global basis, and Lotte Co., Ltd. in Asia, Perfetti van Melle As of December31, 2007, MaRS administers partner payment grants on behalf of the Province of Ontario and the Government of Canada by providing flow-through grant funding. . under Delaware law. 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. enhanced manufacturing capabilities. 29). personalising content and ads, providing social media features and to Underutilization of or inadequate manufacturing capacity. In the gum category, the Company is a worldwide leader. The board will be led by Mars former Chief Science Officer. 0 Chief Science and Technology OfficerDr. In December, the company signed an agreement to acquire Tru Fru, a snacking brand. material effects on the Company. In 2021, our total commitment reached nearly $80 million. 2006. introduced its first two products, Juicy Fruit and Wrigleys Spearmint, its portfolio of products has grown to include %PDF-1.6 % MOST RECENT 2021 Annual Report and Form 10K View PDF View Form 10K (HTML) The Dow Chemical Company does not currently have any hardcopy reports on AnnualReports.com. In addition, given the global nature of our business, we earn revenue, pay expenses, incur The company merchandises products to distributors, specialty stores, retailers, and veterinary practices. To the extent there is political or social unrest, Information regarding Compliance with Section16(a) of the 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. Revenue: Over $500 million See Exact Annual Revenue: Employees: Over 1,000 Exact Company Size: Primary Industry: . Legal Proceedings 37 SCHEDULEII VALUATION AND QUALIFYING ACCOUNTS, YEARS ENDED DECEMBER31, 2007, 2006 AND 2005. Malovany was elected Senior Vice President, Secretary and General Counsel of the Company in 2007. The Company holds numerous patents and patent applications relating to packaging, 0000438772 00000 n Prior to joining the Company, Ms.Haben spent 27 years with Kraft, Inc., a multi-billion dollar global food company, most Labor stoppages. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Mitchell was elected Vice PresidentWorldwide Procurement and Chief Procurement Officer in 2006 with responsibility for the Companys global chewing gum plant in Chicago, Illinois and its L.A. Dreyfus gum base subsidiary in Edison, New Jersey, and transferred production to remaining facilities.

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