Blog: JBS names board for international spin-off - and one name stands out
Dean Best | 31 January 2017
JBS, the Brazil-based meat giant, is in the process of listing of its international business and has this week named a clutch of directors that are set to sit on the spin-off's board.
The company set out who would be the independent directors on the board of JBS Foods International, which is to be listed in the US.
One of five independent directors will be John Boehner, the US Senator and for four years between 2011 and 2015, one of the most high-ranking politicians in the States as speaker of the House of Representatives.
At present, Boehner is a strategic advisor at US-headquartered international law firm Squire Patton Boggs. He also has a directorship at US tobacco giant Reynolds American, which this month saw its board accept a US$49.4bn takeover bid from British American Tobacco.
Former ConAgra Foods executive Greg Heckman, Charles Macaluso, the principal at US management consultants Dorchester Capital Advisors, Archer Daniels Midland veteran Steven Mills and Dimitri Panayotopoulos, the former vice chairman of Procter & Gamble are also set for board seats at JBS Foods International after the listing.
JBS, which will retain control of the international business, expects the the IPO to be completed in the first half of this year.
Sectors: Meat & poultry
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
- Interview: Sir Kensington's on sale to Unilever
- Analysis: Post discusses rationale for Weetabix
- Who will buy Danone's Stonyfield business?
- Interview: "Disruptive" snack brand Hippeas
- Column: Why snacking is the new meal
- Unilever buys US condiments maker Sir Kensington's
- Ice cream helps Unilever sales, food flat
- Nestle organic growth slows but beats expectations
- Dairy dampens Danone in Q1
- Icelandic to sell Saucy Fish Co. owner Seachill