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How Mars CEO Poul Weihrauch is future-proofing the legacy of one of the world’s largest family-owned companies

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Manage episode 496967281 series 3290010
Content provided by IMD. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by IMD or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Poul Weihrauch explains how family ownership gives him the opportunity to prioritize purpose alongside profit.

In an era where CEOs are under relentless pressure to deliver short-term gains while also addressing long-term challenges like sustainability, Poul Weihrauch considers himself fortunate. As the CEO of Mars – the 114-year-old, family-owned confectionery and pet care giant – he operates with a rare advantage: time.

“We like to say that we act in generations, not in quarters,” says Weihrauch, who joined the firm 25 years ago and steadily rose through the ranks.

Thanks to the Mars family’s long-term outlook and the company’s practice of reinvesting over 90% of its profits annually, Weihrauch has the freedom to prioritize lasting impact over short-term wins. The company evaluates success through four “compass quarters”: strong financial performance, quality growth, positive societal impact, and trusted partners. Notably, 40% of the long term compensation of Mars’ top 2,000 leaders, including Weihrauch, is tied to non-financial goals, an unusual commitment for a company of this scale in a corporate world still dominated by quarterly earnings targets.

  continue reading

63 episodes

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iconShare
 
Manage episode 496967281 series 3290010
Content provided by IMD. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by IMD or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Poul Weihrauch explains how family ownership gives him the opportunity to prioritize purpose alongside profit.

In an era where CEOs are under relentless pressure to deliver short-term gains while also addressing long-term challenges like sustainability, Poul Weihrauch considers himself fortunate. As the CEO of Mars – the 114-year-old, family-owned confectionery and pet care giant – he operates with a rare advantage: time.

“We like to say that we act in generations, not in quarters,” says Weihrauch, who joined the firm 25 years ago and steadily rose through the ranks.

Thanks to the Mars family’s long-term outlook and the company’s practice of reinvesting over 90% of its profits annually, Weihrauch has the freedom to prioritize lasting impact over short-term wins. The company evaluates success through four “compass quarters”: strong financial performance, quality growth, positive societal impact, and trusted partners. Notably, 40% of the long term compensation of Mars’ top 2,000 leaders, including Weihrauch, is tied to non-financial goals, an unusual commitment for a company of this scale in a corporate world still dominated by quarterly earnings targets.

  continue reading

63 episodes

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