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.

Brazil's JBS plans US listing for international business