Pilgrim’s Pride CFO Sandri to take the top job

(Reuters) – Pilgrim’s Pride Corp said on Wednesday Chief Financial Officer Fabio Sandri would take the role of chief executive officer at the chicken processing company, replacing Jayson Penn who began a paid leave of absence in June.

Penn, who was indicted earlier this year on charges of seeking to set a fixed price for chickens with other industry executives, is no longer with Pilgrim’s Pride effective Sept. 22, the company said. (https://bit.ly/3cpbGal)

(Reporting by Nivedita Balu in Bengaluru; Editing by Maju Samuel)