Pilgrim’s Pride Corp. PPC -1.72% mentioned Jayson Penn, its president and chief govt placed on depart in June after the U.S. Justice Division indicted him on prices of conspiring to fix chicken prices, has exited the corporate, efficient Wednesday.
Fabio Sandri, the corporate’s chief monetary officer, has succeeded Mr. Penn, the corporate mentioned. Mr. Sandri had assumed Mr. Penn’s positions on an interim basis.
The Justice Division indicted Mr. Penn and three different poultry business executives in early June, in what the federal government mentioned was a long-running effort to repair costs and rig bidding in rooster provide negotiations with restaurant chains.
Executives at Pilgrim’s, Claxton Poultry Farms and different rooster corporations shared data on their very own costs and that of rivals by cellphone calls and textual content messages as they negotiated with restaurant rooster consumers, the division mentioned.