Pilgrim’s Pride has replaced its CEO as he prepares to face price fixing charges, reportsThe 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.
