JBS says Joesley Batista resigns as chairman
JBS SA said late last week that brothers Joesley and Wesley Batista have resigned from their senior posts. JBS SA has been mired in the “Operation Weak Flesh” corruption scandal that alleges meat processors bribed state inspectors to allow tainted meat to be exported to foreign countries.
Joesley Batista, Reuters reports, entered into a plea bargain deal that accused Brazilian President Michael Temer of endorsing the bribing of a witness. He resigned as chairman of JBS SA and will leave the company’s board. He will be replaced by Tarek Farahat, a former Procter & Gamble Co executive who is also a member of the JBS board.
Wesley Batista resigned as vice chairman of the board and will be replaced by his father, Jose Batista Sobrinho, He will remain as CEO and will maintain a seat on the board.