US poultry company Pilgrim’s Pride has named Fabio Sandri as the company’s president and CEO, effective immediately, following the departure of Jayson Penn amid legal matters.
Sandri was appointed interim president and CEO in June this year as it was announced that Penn had begun a paid leave of absence to focus on his defense, having been charged over alleged US chicken price-fixing. Pilgrim’s Pride has now announced that Penn is “no longer with the company”.
Prior to his new position, Sandri served as chief financial officer (CFO) of Pilgrim’s Pride, a role he took up in June 2011.
He is also the former CFO of Estacio Participações, a private post-secondary educational institution in Brazil, and former corporate controller of Braskem, a Brazilian petrochemical company.
The company said it has initiated a search process to identify a new CFO to replace Sandri.
“I am humbled and excited to be selected by the board to lead Pilgrim’s in our next stage of growth and opportunity for our team members,” said Sandri.
He added: “I look forward to working alongside our strong team of professionals around the globe who are committed to realising Pilgrim’s vision to be the best and most respected company in our industry.”
© FoodBev Media Ltd 2019