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.