Pilgrim's Pride CEO fired after being indicted by US DOJ in chicken-pricing probe
( September 23, 2020, 23:31 GMT | Official Statement) -- MLex Summary: Pilgrim's Pride fired its chief executive, Jayson Penn, the company announced in a securities filing. The US Department of Justice indicted Penn in June for allegedly fixing prices and rigging bids on chickens supplied to fast food restaurants and grocery stores. Penn was put on a paid leave of absence June 15 and the company's chief financial officer, Fabio Sandri, was appointed interim president and CEO. Pilgrim's Pride's board officially appointed Sandri as the company's CEO. Excerpt follows below....
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