JBS Ups its Compliance Game, Names New Chief Compliance Officer

Aug. 19, 2022
The Brazilian meatpacking company recently named a new Chief Compliance Officer as well as creating a new global committee aimed at creating more uniformity among its compliance program.

JBS SA, the Brazilian meatpacker and parent company of Top 100-listers JBS USA and Pilgrim's Pride, is taking extra steps to ensure a more consistent compliance program across its global operations.

The company announced August 15 it was naming Michael Koenig as Global Chief Ethics and Compliance Officer of JBS. Koenig previously served as the Head of Ethics and Compliance for Pilgrim’s Pride.

The company had announced in June 2022 that it was creating a Global Executive Compliance Committee, whose primary purpose was to create uniformity and consistency across JBS SA's global organization. The committee will oversee improvements to the compliance program, including promoting a company-wide culture of compliance for its employees.

The shift to crack down on compliance issues comes on the heels of a January 2021 price-fixing lawsuit that saw Pilgrim's Pride paying $75 million to some of its former customers. In July of 2021, JBS USA was hit with back-to-back price-fixing lawsuits.

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