JBS changes corporate command – 04/12/2018 – Market



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A little over a year after baduming the presidency of JBS, its founder, José Batista Sobrinho – known as Zé Mineiro – left office. It will be held by Gilberto Tomazoni, 60, JBS Global Operations Director.

Zé Mineiro, 84, was elected to this position by the JBS Board of Directors in September 2017, replacing his son Wesley Batista, who headed the group but was arrested a few days earlier. .

The announcement of the succession made on Tuesday (4) is a milestone because it is the first time in the history of JBS that the position will be occupied by an executive who does not belong to the family.

Zé Mineiro remains a member of the board of directors of the company, a position he has held for more than ten years.

The new global president of JBS badumes that his entry into the company represents a step towards better compliance practices.

"I am not a JBS person, I have been with JBS for 6 years and I have 36 years of experience What is the result of what I helped to build? good things and those we can still improve, "he said. he to Folha.

Last month, the company announced stronger-than-expected quarterly results boosted by beef production in Brazil and the United States, boosting the company's inventory at that time.

JBS strives to turn the page following the inquiries concerning the founding family of the Wesley brothers and Joesley Batista, as well as various companies of the conglomerate of which JBS is a part, in particular the holding J & F.

Asked about his expectations regarding the chances of the new government. President Jair Bolsonaro is able to save the Brazilian economy, Tomazoni questioned the weight of the Brazilian market in the JBS business.

"Brazil is our concern, but it represents 29% of our business, and we are optimistic about the overall business, but when we look at Brazil in particular, we think there is every indication that there is a lot going on here. At least the market expectations are very high in this sense, "he said.

Although he leaves behind the corruption scandals in which he was implicated under the PT and Michel Temer governments, the new government of President-elect Jair Bolsonaro will still have ministers who will bear the name of the company suspected of Have been treated.

On Tuesday (4), Minister Edson Fachin of the Federal Supreme Court (STF) authorized the opening of a specific investigation into alleged cash payments from JBS to the future Minister of Bolsonaro Civilian MP Onyx Lorenzoni (DEM-RS)

Appointed to the Ministry of Agriculture, Tereza Cristina is also badociated with JBS. When she was secretary of the Government of Mato Grosso do Sul, Tereza Cristina granted JBS tax incentives, for which she also rented a property.

"Our internal compliance program is very strong and we have made significant progress in Brazil," he said in a statement. and we have been congratulated and we are very well evaluated for transparency. We do everything in our power to make sure that such things do not happen again. And this question of collaboration [delação premiada] belongs to [holding] J & F. We are doing all that is right and correct, "said Tomazoni to Folha.

In addition to" reinforce the question of ". branding, reputation, compliance, governance, "Tomazoni states that" the focus is on the growth of brand-name processed foods. "

" We have an effort with [as marcas] Plumrose, Seara and Pilgrim & # 39; s. "We will grow and for that we will continue to invest heavily in innovation and product quality."

At JBS six years ago, Tomazoni joined the group as global president of the poultry sector. He commissioned the training of Seara Alimentos. In 2015, he took the global presidency of operations and, since 2017, he is the world's chief operating officer of JBS. Since 1966, he has served on the Board of Directors of Pilgrim's Pride Corporation

. Previously, he served for 27 years at Sadia, a trainee in chief executive, and served as vice president of Bunge Alimentos for three years.

Asked about future acquisitions, the new president of the company chose not to comment. Valor Econômico announced last month that the US poultry company Pilgrim's Pride of JBS had maintained its stake in the acquisition of BRF's badets in Europe and Thailand.

"I am the chairman of the board of directors of Pilgrim, I can not comment." Pilgrim's is an independent company that has its own governance and made its decisions autonomously, "he said.

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