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JBS ANNOUNCES NEW CHIEF ETHICS & COMPLIANCE OFFICER

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JBS S.A. has appointed Michael Koenig as its new Chief Ethics and Compliance Officer, moving from his prior role as Head of Ethics and Compliance at Pilgrim's since August 2021. Koenig brings nearly 25 years of legal experience, including service as a federal prosecutor. Additionally, JBS formed a Global Executive Compliance Committee in June 2022, aimed at enhancing compliance standards across its operations. JBS, a leader in protein-based food production with over 250,000 employees globally, is committed to sustainability and aims to achieve Net Zero emissions by 2040.

Positive
  • Appointment of Michael Koenig as Chief Ethics and Compliance Officer indicates a strong commitment to compliance and ethical practices.
  • Formation of the Global Executive Compliance Committee enhances oversight and uniformity in compliance programs across JBS entities.
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  • None.

SÃO PAULO, Aug. 16, 2022 /PRNewswire/ -- JBS S.A. (the "Company" or "JBS" – B3: JBSS3; OTCQX: JBSAY), communicates to its shareholders and to the market that Michael Koenig has been named the Company's Chief Ethics and Compliance Officer. Since August 2021, Koenig served as the Head of Ethics and Compliance for Pilgrim's. He previously spent nearly 25 years as an attorney defending companies, individual executives and public officials in criminal, civil and regulatory investigations, and trials. Koenig was also a federal prosecutor at the Department of Justice in Washington, D.C.

In addition to Koenig's promotion, the Global Executive Compliance Committee was formed in June 2022. Its primary purpose is to help create a more uniform and consistent compliance program across all JBS entities, including Pilgrim's. The Committee is tasked with overseeing continued improvements and enhancements to the compliance program and promoting a company-wide culture of compliance for its employees, stakeholders, business associates and customers.

About JBS

JBS is global leader in protein-based food production. With a global platform diversified by type of products (poultry, pork, beef and lamb), the Company has over 250,000 team members in production units and offices on all continents, in countries like Brazil, the United States, Canada, the United Kingdom, Australia, and China, among others. In Brazil, JBS is the country's largest employer, with over 145,000 team members. Worldwide, JBS offers an extensive portfolio of brands recognized for excellence and innovation: Seara, Swift, Pilgrim's Pride, Moy Park, Primo, and Just Bare, among many others, which find their way every day onto the tables of consumers in 190 countries. The Company is investing in correlated businesses like leather, biodiesel, collagen, personal hygiene and cleaning, natural wrapping, solid waste management solutions, recycling, metallic packaging and transport, with emphasis on the circular economy. JBS conducts its operations allocating priority to high quality and food safety, while adopting the best sustainability and animal welfare practices across its entire value chain and, in March 2021 it assumed the commitment to become Net Zero by 2040. This means that JBS will zero the net balance of its greenhouse gas emissions, reducing the intensity of the direct and indirect emissions and offsetting all residual emissions. JBS was the first global company in the protein sector to take on this commitment, with the intention of feeding people around the world in an increasingly sustainable manner.

Cision View original content:https://www.prnewswire.com/news-releases/jbs-announces-new-chief-ethics--compliance-officer-301606915.html

SOURCE JBS S.A.

FAQ

Who is the new Chief Ethics and Compliance Officer of JBSAY?

Michael Koenig has been appointed as the new Chief Ethics and Compliance Officer of JBS.

When was the Global Executive Compliance Committee formed at JBSAY?

The Global Executive Compliance Committee was formed in June 2022.

What are the main responsibilities of the Global Executive Compliance Committee at JBSAY?

The Committee oversees improvements to the compliance program and promotes a culture of compliance across JBS.

What is JBSAY's commitment regarding sustainability?

JBS is committed to achieving Net Zero emissions by 2040.

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9.76B
953.40M
0.18%
Packaged Foods
Consumer Defensive
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Brazil
São Paulo