Pilgrim’s Pride Replaces CEO Indicted on Price Fixing
CFO Fabio Sandri's move to CEO was made permanent this week
Pilgrim’s Pride has replaced its CEO as he prepares to face price fixing charges, reports The Times.
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.
The company named Chief Financial Officer Fabio Sandri to lead the company in the interim.
Sandri's move to CEO was made permanent this week and Pilgrim’s Pride said in a regulatory filing with the U.S. Securities and Exchange Commission that Penn is no longer with the company.