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JBS S.A. appoints Joesley Batista Chairman of the Board and Wesley Batista CEO of its global operations
February 1, 2011
JBS S.A. (JBSS3; Novo Mercado), in accordance with good corporate governance practices and compliant with Novo Mercado regulation, communicates to its shareholders and the market in general that its Board has approved the appointment of Joesley Batista as the Board Chairman and Wesley Batista as the President and Chief Executive Officer (CEO), effective February 1, 2011.
After 5 years leading the growth and internationalization of the Company as well as advancing the modernization of its corporate governance structure, Joesley Batista, who has been accumulating both the Chairman and the CEO positions, appointed Wesley Batista to replace him as CEO.
With 22 years of Company experience, Wesley initially ran the JBS South American beef business before transferring to the US 4 years ago to become the CEO of JBS USA, where he focused on the restructuring, expansion and integration of the North American and Australian operations.
"Wesley, with his broad experience and his successful track record in the sector, is exceptionally qualified to lead JBS S.A. and its 125,000 employees worldwide to a greater level of success in the coming years." Joesley declared. "He has profound knowledge of our business and is well equipped to continue the consolidation, integration and synergy capturing between all our global production platforms, all of which I am certain will further enhance value for our shareholders as well as providing a better future for our employees."
"I am proud to be able to announce this step which demonstrates the maturity of our top management and which will allow me to dedicate more of my time to strategic matters and to the longevity of the Company as Chairman of the Board of this Organization which was founded by my father 58 years ago." Joesley further commented.