Pilgrim’s Mourns the Death of Longtime Board Member Charles Macaluso

Rhea-AI Summary

Pilgrim's Pride Corporation (NASDAQ: PPC) announced the passing of board member Charles Macaluso, who contributed to the company for over a decade. CEO Fabio Sandri emphasized Macaluso's vital role in shaping the company's strategy and success. Serving as an independent board member since 2009, Macaluso was integral to the Audit Committee and had vast experience in finance. The board expresses deep condolences to his family, highlighting his commitment and impact on Pilgrim's progress.

Positive

• Macaluso contributed over a decade of strategic insight to the company.
• His extensive experience in finance could benefit future board discussions.

Negative

• His passing may create a gap in leadership experience on the board.

GREELEY, Colo., Feb. 22, 2021 (GLOBE NEWSWIRE) -- Pilgrim’s Pride Corporation (NASDAQ: PPC) is saddened to announce the passing of longtime board member Charles Macaluso this past weekend.

“Charles was a tireless contributor to our company’s strategy, vision and success for more than a decade,” said Fabio Sandri, Pilgrim’s chief executive officer. “He was a colleague and friend who was critical to our company’s growth and transformation. His wise counsel, sense of humor and passion will be sorely missed.”

Macaluso served as an independent board member at Pilgrim’s since 2009 and was a member of the Audit Committee. He was a principal of Dorchester Capital, LLC, a partner at Miller Associates, Inc., and served as a director of Williams Industrial Services Group Inc., Darling Ingredients Inc., and Landec Corporation.

“On behalf of the Pilgrim’s Board of Directors, we extend our heartfelt sympathies to the Macaluso family, including his wife Lynn,” said Gilberto Tomazoni, Pilgrim’s chairman of the board. “He was a personal friend, respected member of the board and trusted advisor who was deeply committed to Pilgrim’s. It was a privilege and an honor to serve with Charles and we will miss him dearly.”

About Pilgrim’s
As a global food company with more than 58,000 team members, Pilgrim’s processes, prepares, packages and delivers fresh, frozen and value-added food products for customers in more than 100 countries. For more information, visit www.pilgrims.com.

Media Contact:
Nikki Richardson
nikki.richardson@jbssa.com

FAQ

Who was Charles Macaluso and what role did he play at Pilgrim's Pride?

Charles Macaluso was a longtime board member at Pilgrim's Pride, serving since 2009, and was a member of the Audit Committee, contributing significantly to the company's strategy.

What impact does Charles Macaluso's passing have on Pilgrim's Pride?

Macaluso's passing may create a leadership gap and impact the board's experience in future strategic discussions.

When did Charles Macaluso pass away?

Charles Macaluso passed away during the weekend prior to the announcement on February 22, 2021.

What was Charles Macaluso's relationship with Pilgrim's Pride?

Macaluso had a personal and professional relationship with Pilgrim's Pride, serving as a respected board member and trusted advisor.