Blog: Dean BestJBS 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

Sectors: Meat & poultry

BLOG

Ethical Trading Initiative's suspension of Fyffes rumbles on

Fyffes' suspension from The Ethical Trading Initiative, sparked over disquiet about conditions for the produce giant's workers in Honduras, continues after the UK-based organisation said the fruit and...

BLOG

Tesco-Booker deal gets green light as UK grocery landscape shifts

Here in the UK, we've had two significant pieces of M&A news in the grocery retail channel in the last 24 hours....

BLOG

Getting the basics right online

Failed launches cost grocery brands operating in the UK over GBP30m per year - but ironing out mistakes made in listing new products online could help improve marketeers' chances of success, according...

just-food homepage



Forgot your password?