JBS ADVANCES IN COMPLIANCE MEASURES

Executive was appointed as Global Head of Compliance

Board of Directors hires White & Case LLP

 

São Paulo, June 13th, 2017 – JBS announces the appointment of Marcelo Proença as Global Head of Compliance. In order to ensure best governance practices, the compliance office will respond directly to the Board of Directors of JBS.

 

Dr. Proença joins JBS after a 27-year career as a lawyer and academic. He received his Masters and Doctoral degrees from the Faculty of Law at the University of São Paulo, where he currently teaches commercial law. He is also a professor at GVLaw courses from the Fundação Getúlio Vargas and has published eight books.

 

“My goal is to improve the compliance program by making it a model for the market with full internal and external controls which, I am confident, will ensure a lasting successful company that will evolve greatly in building trust and reputation with stakeholders and, in particular, employees, market and society”, said Proença. “I believe that my experience is in line with JBS Board of Directors’ goals in establishing best business practices at JBS.”

 

The Board of Directors also announces the hiring of White & Case LLP, which will assist in the development of this project in the Company. “The work of White & Case will be important to the Governance Committee’s success in overseeing the development and implementation of a compliance program that incorporates international best practices and fully meets the Company’s obligations”, said Daniel Fridman, a partner at White & Case.

 

Tarek Farahat, Chairman of the Board of Directors of JBS and of the Governance Committee, believes that these two hires represent important measures for the company. “These are just the first steps, but they are also fundamental to our goal of raising JBS’s governance level and making it a global governance benchmark.”

 

White & Case is one of the world’s most recognized international law firms. Founded in 1901, the firm was one of the pioneers in working across borders with a diverse team of lawyers from several nationalities and specialties. White & Case serves some of the most prominent companies in the world. White & Case has a premier team of lawyers with extensive experience in advising clients on the evaluation and implementation of compliance programs for prominent companies.

 

About JBS
JBS is one of the world’s leading food industry companies with approximately 235,000 employees in over 20 countries. The company owns a portfolio of brands that are acknowledged for their excellence and innovation, such as Doriana, Friboi, Moy Park, Pilgrim’s Pride, Primo, Seara, Swift and others, serving over 300,000 customers of more than 150 nationalities worldwide. The company’s focus on innovation also reflects its management approach to related businesses in areas such as leather, biodiesel, collagen, personal hygiene and cleaning products, natural wrappings, solid waste management solutions, metal packaging and transportation. JBS has adopted best corporate governance and sustainability practices throughout its value chain and its operational management focuses on guaranteeing high food quality and safety and animal welfare.

 

JBS
Corporate Communications Department
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