Grant Reid
MARRIOTT INTERNATIONAL INC /MD/About Grant F. Reid
Grant F. Reid, age 66, is an independent director of Marriott International and has served on the Board since 2023 . He is the former President and Chief Executive Officer of Mars, Incorporated and brings global CEO experience in growth, digital transformation, and purpose-led leadership, including supply chain digitization and AI adoption . He is currently a member of Marriott’s Audit Committee and Inclusion and Social Impact Committee .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Mars, Incorporated | President & CEO; Board member | 2014–2022 (CEO); 2015–2022 (Board) | Grew sales and workforce, scaled operations in 80+ countries, portfolio transformation via innovation and acquisitions |
| Mars, Incorporated | Global President, Mars Chocolate | 2009–2014 | Consumer engagement, global brand portfolio leadership |
| Mars, Incorporated | Global President, Mars Drinks | 2007–2009 | Category leadership and operating management |
| Mars, Incorporated | EVP, Sales & Customer Care | 2001–2007 | Commercial execution and customer strategy |
| Mars, Incorporated | Various roles of increasing responsibility | 1988–2001 | General management trajectory within a global FMCG |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| The Vanguard Group | Board of Directors and Trustee | Current | Governance role at a major asset manager; Vanguard is disclosed as a ≥5% beneficial owner of Marriott |
| CVC | Senior Operating Partner | 2023–present | Global alternative investment manager role |
| Sustainable Markets Initiative | Chair, Agribusiness Task Force | 2021–2024 | Chair of global CEO task force focused on regenerative agriculture |
| Business for Inclusive Growth | Board Member | Current | Inclusive growth advocacy |
| The Consumer Goods Forum | Board Member; Co-Chair, Governance Committee | Current | Industry governance leadership |
Board Governance
- Independence: Independent director (Yes) .
- Committees: Audit Committee (member); Inclusion and Social Impact Committee (member) .
- Audit Committee members include: Isabella D. Goren (Chair), Frederick A. Henderson, Aylwin B. Lewis, Margaret M. McCarthy, Grant F. Reid .
- Committee meeting cadence: Audit Committee met 7 times in 2024; Inclusion and Social Impact Committee met 4 times in 2024 .
- Attendance: The Board met 4 times in fiscal 2024; no current director attended fewer than 75% of total Board and committee meetings; all 12 directors nominated in 2024 attended the 2024 annual meeting .
Fixed Compensation
| Type of Fee (Annual) | Amount ($) |
|---|---|
| Board Retainer Fee | 100,000 |
| Deferred Share Award (DS) | 200,000 |
| Lead Independent Director Fee | 60,000 |
| Audit Committee Chair Fee | 35,000 |
| Other (Non-Audit) Committee Chair Fee | 25,000 |
| Audit Committee Member Retainer Fee | 20,000 |
| 2024 Director Compensation – Grant F. Reid | Amount ($) |
|---|---|
| Fees Earned or Paid in Cash | 120,000 |
| Stock Awards (Grant Date Fair Value) | 200,010 |
| All Other Compensation | 71,948 |
| Total | 391,958 |
- All Other Compensation details: $48,994 reflects incremental cost of corporate aircraft usage to address a personal emergency while attending a Board meeting; column also includes Company contributions to the Executive Deferred Compensation (“EDC”) plan and perquisites (e.g., Hotel Stay Benefits) .
Performance Compensation
| Instrument | Quantity/Value | Grant/Term | Vesting/Metric Terms | Notes |
|---|---|---|---|---|
| Deferred Share Award (DS) | 837 shares; $238.96/share (target ~$200k) | Granted May 13, 2024 | Vests daily pro-rata over term through next annual meeting; distributed post-separation unless director elects 1-year post grant or 1–10 annual installments; no dividend equivalents or voting rights until distribution | Grant sizing based on average of high/low price on grant date |
| Stock Appreciation Rights (SARs) option-in-lieu of cash fees (program feature) | Grant date fair value equals deferred fees elected | 10-year term; exercise price = grant date fair market value (avg. high/low) | Fully vested; exercisable after 1 year or earlier upon death/permanent disability | Available at director’s election; one director elected SARs in 2024 (program description) |
| Performance Metrics Applied to Director Compensation | Status |
|---|---|
| TSR/financial/ESG targets tied to director pay | None; director equity is time-based (DS), with no performance conditions |
Other Directorships & Interlocks
| Category | Detail |
|---|---|
| Current public company boards | None |
| Other public company boards (past five years) | None |
| Notable interlock consideration | Board role at The Vanguard Group; Vanguard is identified as a ≥5% beneficial owner of Marriott; presents potential perception-of-influence, though Reid is classified as independent |
Expertise & Qualifications
- Global CEO track record with growth, consumer engagement, digital transformation, and purpose-led leadership; experience in supply chain digitization, AI adoption, automation, and data-driven decision-making .
- Led Mars operations expansion to 80+ countries and executed portfolio transformation via innovation/M&A .
- Governance and industry leadership roles spanning consumer goods and inclusive growth forums .
Equity Ownership
| Metric | Amount |
|---|---|
| Shares Beneficially Owned | 1,980; percent of class: “*” (less than 1%) |
| DS/Stock Units – Vested | 1,677 shares/units |
| DS – Not Vested | 303 shares/units |
| Pledged shares | None indicated for Mr. Reid; pledging footnotes reference other parties (e.g., Harrison family trusts) |
| Director Ownership Guidelines | Must own stock or vested stock units equal to 3x combined annual cash + stock retainers (~9x annual cash retainer) within 5 years; retain 50% of net after-tax shares until satisfied; all non-employee directors serving ≥5 years have met the goal |
Governance Assessment
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Board effectiveness and oversight: Active Audit Committee member overseeing financial reporting, internal controls, auditor independence, compliance, risk management, and related-party review; ISIC member overseeing ESG, human capital, responsible sourcing, and sustainability targets (Serve 360) .
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Independence and engagement: Classified independent; met attendance threshold with strong Board education programming (cybersecurity, geopolitics); open stockholder communication channels through designated Board contacts .
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Ownership alignment: Holds 1,980 shares/units with clear DS vesting and distribution mechanics; subject to rigorous 3x retainer ownership guideline within 5 years and 50% hold-until-met policy; no pledging disclosed for Reid .
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Shareholder support signal: Received 2,088,581,931 “FOR” votes versus 4,347,011 “AGAINST” and 2,991,426 abstentions in the May 9, 2025 election, indicating strong investor backing .
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Compensation structure: Straightforward, market-benchmarked director pay program (targeted at 50th percentile) with annual cash retainer, committee fees, and time-based DS; perquisites disclosed and controlled; one-off aircraft usage for personal emergency transparently reported .
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RED FLAGS / Watchpoints:
- Potential interlock perception: Vanguard governance role while Vanguard is a ≥5% owner of Marriott; monitor for any votes or decisions where this could be perceived as a conflict, though independence classification remains per proxy .
- Perquisites: Aircraft usage for personal emergency ($48,994) is unusual but explained; continue monitoring perquisite controls and disclosures .
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Overall: Reid’s audit and ESG committee roles, independence status, high shareholder support, and transparent compensation/ownership alignment support investor confidence; the Vanguard connection is a perception risk to monitor rather than a determinative conflict based on current disclosures .