Carlos Hamilton Vasconcelos Araújo was elected to serve as an independent director of the JBS board, filling out the term of Gilberto Meirelles Xandó Baptista, who was recently named the CEO of JBS Brazil.
The changes to the board were announced in a securities filing on the JBS Investor Relations webpage on January 17.
Vasconcelos – an engineer and doctor of economics – has a variety of experience in the financial and political-economic market. He is the former director of economic policy at the Central Bank of Brazil, having r
Previously served as the president of Cateno Gestão de Pagamentos (2021), vice president of services, infrastructure and operations of Banco do Brasil (2017-2018), secretary of economic policy of the Ministry of Finance in 2016.
In addition, he was a member of the board of directors of UBS BB Services, Banco Votorantim, Cielo, BB Seguridade and Neoenergia.
Currently, Vasconcelos is a member of the board of directors of Brasilprev Seguros e Previdência and of the board of trustees of Fundação Getúlio Vargas.
With the new appointment, JBS’ board of directors is now composed of the following members: Chairman Jeremiah O'Callaghan, Vice Chairman José Batista Sobrinho, Alba Pettengill, Carlos Hamilton Vasconcelos Araújo, Cledorvino Belini, Francisco Turra, Gelson Luiz Merisio, Abraham Loria and Márcio Guedes Pereira Júnior.
Headquartered in Brazil, JBS is the world’s largest poultry producer and is a leading global producer of beef and pork. The company also recently entered the alternative protein sector.
The company has been actively growing through mergers and acquisitions, having earlier in 2022 completed the acquisition of Australian pork company Rivalea Holdings. In 2021, JBS also announced either its intent to purchase, or the completion of the purchase of Italian meat company King’s Group, California’s Sunnyvalley Smoked Meats, Dutch plant-based protein company Vivera, and Spanish cultivated meat company BioTech Foods. It also offered to purchase the remaining shares of Pilgrim’s Pride.
