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Grant F. Reid will succeed Paul S. Michaels as president of Mars, Inc., following Mr. Michaels’ retirement in December.

As global president of the Mars Chocolate business segment, Mr. Grant oversees a team of 17,000 employees. He has led the segment to achieve consistent growth in developing and emerging markets and has helped spearhead the company’s cocoa sustainability initiative. His experience has included sales, marketing, commercial, manufacturing and general management across several Mars business segments.

Mr. Grant will step into a co-president role with Mr. Michaels effective July 2 before formally assuming the position in January 2015.