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Following the June indictment of Jayson Penn on a charge of collusion, he was placed on administrative leave. Penn pleaded not guilty to the charge that he conspired with executives at Claxton Poultry to rig prices. The company has now decided to replace him permanently with the interim CEO and CFO Fabio Sandri effective September 23rd.

In commenting on the decision of the parent company JBS, Sandri stated, “I am humbled and excited to be selected by the Board to lead Pilgrim’s Pride.”  Sandri joined Pilgrim’s Pride as CFO in June 2011, previously serving as CFO of a secondary educational institution in Brazil.  For three years, he functioned as Director of Strategy and Comptroller for Braskem S.A., a petrochemical company in his native Brazil. Sandri earned a degree in electrical engineering from the polytechnic of the University of Sao Paulo and an MBA from the Wharton School at the University of Pennsylvania.

• Charles Von der Heyde as Senior Vice President of Commodity Risk Management, Feed Ingredient Purchasing and Export Sales
• Chris Kirke, President of Moy Park in the U.K.
• Andrew Cracknell, CEO of Tulip Ltd. of the U.K., a hog producer
• Kendra Waldbusser, Head of Food Safety and Quality Assurance
• Randy Stroud, Head of Global Live Support
• Joe Waldbusser, Head of Commodity Risk Management and Feed Ingredient Purchasing
• Lisa Burdick, Head of Human Resources