Pilgrim’s Pride fires embattled former CEO Jayson Penn
GREELEY — Pilgrim’s Pride Corp. (Nasdaq: PPC) has fired former CEO Jayson Penn as he continues to prepare for trial in a federal price-fixing investigation.
In a U.S. Securities and Exchange Commission filing Wednesday morning, the Greeley-based Pilgrim’s said it promoted Fabio Sandri to the full-time CEO position and named him president. He was formerly the company’s chief financial officer, but began serving as interim CEO in mid-June when Penn was given a leave of absence to focus on his defense.
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