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Suspension of JBS CEO Wesley Batista lifted

Oscar Rousseau

By Oscar Rousseau+

14-Sep-2016
Last updated on 15-Sep-2016 at 12:04 GMT2016-09-15T12:04:38Z

JBS: all measures against CEO Wesley Batista have been lifted by a federal judge
JBS: all measures against CEO Wesley Batista have been lifted by a federal judge

The billionaire Batista brothers in charge of meatpacker JBS have had their suspensions – imposed following corruption allegations – lifted by a federal judge in Brazil.

Wesley and Joesley Batista, CEO and chairman respectively of meat processor JBS, will resume their roles in the company after being suspended from all corporate roles earlier in September.

JBS said it had received a message from the Batista brothers which confirmed that the federal judiciary of Brazil had authorised them to reassume their respective positions within one of the world’s largest meat companies.

The company’s board of directors held an emergency meeting on 14 September after receiving word that the brothers had been granted legal approval to reassume their positions. A vote was taken and the board swiftly moved to formally reappoint Wesley and Joesley Batista.

Investors thanked

José Batista Júnior was made interim CEO of JBS on 13 September , whilst José Batista Sobrinho was promoted to chairman of the board of directors. Both will resume their previous positions of president and board member respectively.

I thank my brother, José Batista Júnior, for having temporarily assumed the presidency of JBS and I also thank all our shareholders and other stakeholders for the trust they place in us,” said Wesley Batista in a press statement on 14 September.

I will continue working with the global and regional leadership teams towards the consolidation of JBS as a global leader in the food sector.

All measures filed against J&F Investimentos SA – controlled by Wesley Batista and Joesley Batista – have been lifted, according to JBS.

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