JBS names Gilberto Xandó to board
Dairy company executive replaces Joesley Batista, who resigned
JBS has appointed Gilberto Xandó to its board of directors, the company announced in a notice to the market on June 14.
Xandó replaces Joesley Batista, who resigned from the board on May 26 amid a bribery scandal. Batista had served as chairman of the Brazil-based meat and poultry company, but Tarek Farahat has since assumed the chairmanship. Farahat had been a member of the board since 2013.
Xandó has been the CEO of Vigor, a leading company in the production and marketing of value-added dairy products in Brazil. Before that, he was a senior executive in Natura Brasil and Sadia. While at Sadia, he was responsible for overseeing the successful internationalization of the business. He holds a bachelor’s degree in business administration from Getúlio Vargas Foundation, with a MBA in Retail from the University of São Paulo (FEA USP) and a specialization in Business Management PGA from Dom Cabral Foundation and INSEAD in France.
“I am pleased to welcome Gilberto Xandó to our board,” said Farahat. “His reputation and experience in the food industry and expertise in trade and finance will be invaluable assets as we work to rebuild trust in our business.”
Just prior to announcing the company’s new board member, JBS announced that it had appointed Marcelo Proença as its Global Head of Compliance. It also hired law firm White & Case LLP to assist with the development of the company’s compliance programs.