Pilgrim's Pride has a new CEO
Pilgrim's Pride, a JBS subsidiary, has appointed Jayson Penn as the new President and CEO of the company as William W. Lovette, the owner of this position for the last eight years, announced his intention to retire. Jayson Penn, currently president of Pilgrim’s USA, will replace Lovette immediately but the former President and CEO will remain in the company as a strategic adviser until July 2020.
"The board is extremely grateful for Bill’s leadership, vision, dedication and commitment. His legacy at Pilgrim’s will endure through the strong management team and unique business platform he developed, which will position the company for continued growth and success," said Gilberto Tomazoni, chairman of the board of directors for Pilgrim’s.
Jayson Penn joined Pilgrim’s in March 2011 as senior vice-president of the commercial business group and was later promoted to executive vice-president. Mr Penn began his career in his family’s poultry operations and moved on to hold management positions at Sanderson Farms and Marshall Durbin Companies. He also worked as director of sales at Case Foods.
Additionally, Mr Penn has served on the board of directors and the executive committee of the USA Poultry and Egg Export Council, and he currently serves on the board and executive committee of the National Chicken Council as well as that of The World Poultry Foundation.
"Jayson Penn has enjoyed a distinguished career in the poultry industry and has played an integral role in the success of Pilgrim’s over the last eight years. The board’s decision is further validation of the Pilgrim’s strategy, implemented in 2012, to create a unique, diversified portfolio across multiple geographies, with a focus on key customers and operational excellence, to generate more consistent and higher margins. Jayson has been at the forefront of this strategy and we are confident in his ability to continue to create shareholder value," added Gilberto Tomazoni.
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