Indicted Pilgrims Pride CEO surrenders passport
GREELEY — Former Pilgrim’s Pride Corp. (Nasdaq: PPC) chief Jayson Penn has agreed to surrender his passport and not leave the country as he continues to face federal price-fixing charges.
In a filing with the U.S. District Court of Colorado, federal prosecutors requested Penn surrender those documents after taking a paid leave of absence from the Greeley chicken producer, saying he no longer had a need to travel for work. Penn did not oppose the request and is currently free on bail.
Fabio Sandrio, chief financial officer, is serving as interim president and CEO.
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Penn and three other chicken industry executives have pleaded not guilty to charges from a grand jury earlier this month. The four are accused of conspiring to rig bids sent to food-service companies and restaurant suppliers from 2012 to 2017.
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GREELEY — Former Pilgrim’s Pride Corp. (Nasdaq: PPC) chief Jayson Penn has agreed to surrender his passport and not leave the country as he continues to face federal price-fixing charges.
In a filing with the U.S. District Court of Colorado, federal prosecutors requested Penn surrender those documents after taking a paid leave of absence from the Greeley chicken producer, saying he no longer had a need to travel for work. Penn did not oppose the request and is currently free on bail.
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