The Mars boss snapping up unhealthy snacks

Quick Summary:

He told an interviewer from the Swiss IMD business school this meant choosing to avoid segments such as grooming — “we didn’t see how it uniquely contributed to a better world for pets” — but making big acquisitions in businesses that solved “pain points” for animals and their owners.

Juan Martin, another former Mars colleague, described Weihrauch as a born networker, intellectually curious, and “very open, very transparent and very direct”.

A focus on returns on investment was evident in late May when he invited Kellanova CEO Steve Cahillane to lunch in Chicago and conveyed Mars’s interest in buying the company, according to a narrative published in a securities filing.

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Article Details

Author / Journalist: Gregory Meyer

Category: MarketsFinanceInvesting

Markets: United States

Topics: According Business Mars Company Weihrauch Food Cent Kellanova Mars’s Financial Portfolio

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 05:00:08 (1 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1141 words

Reading Time: 7 minutes read

Sentences: 14 lines

Sentence Length: 82 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23367674

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