USA, Greeley. Pilgrim’s Pride has replaced its CEO as he prepares to face price-fixing charges.
The company announced in June that its chief executive, Jayson Penn, was taking a leave of absence to focus on his defense after he was indicted, and named Chief Financial Officer Fabio Sandri to lead the company in the interim.
They announced this week that this interim president has been appointed by the Pilgrim’s Board of Directors as president and CEO of Pilgrim’s, effective immediately. The company has initiated a search process to identify a new Chief Financial Officer to replace Sandri. Pilgrim’s also announced that former president and CEO Jayson Penn is no longer with the company.