In this file:

 

·         JBS Rewarded for Breaking Family Grip on Brazil Meat Giant

… On Wednesday, JBS jumped as much as 5.2 percent to 12.08 reais in Sao Paulo, leading gains on the benchmark Ibovespa index...

 

·         New JBS CEO to boost margins, sees large potential in U.S. market

 

·         Batista Family Loses Control Of Meatpacker JBS

Founder José Batista Sobrinho, aka Zé Mineiro, will be replaced by director of operations Gilberto Tomazoni

 

·         JBS expands beef recall to more than 12M pounds

·         After more than 200 people fall ill, raw beef recall expands to 12 million pounds

·         Lawmakers push USDA after beef recall

 

 

JBS Rewarded for Breaking Family Grip on Brazil Meat Giant

 

Gerson Freitas Jr., Bloomberg

Dec 05 2018

 

(Bloomberg) -- For the first time in its 65-year history, JBS SA will be run by someone from outside the Batista family dynasty.

 

Gilberto Tomazoni, 60, was named chief executive officer after winning unanimous approval by the board, JBS, the world’s largest meat producer, said Tuesday in a filing. The shares jumped on Wednesday. Tomazoni has been at the company since 2013 and was previously chief operating officer. He replaces Jose Batista Sobrinho, the 85-year-old patriarch of the billionaire Batista family, who took over in September 2017 after his sons Wesley and Joesley were removed from the company amid a corruption scandal that transfixed Brazil.

 

Tomazoni’s appointment is a notable move for the Batista clan. When the crisis struck in 2017, the family held tightly to its empire, bringing in Wesley Batista’s son and the founder of the company that bears his initials, who had long been away from day-to-day operations.

 

Operations Expert

 

At the time that Tomazoni, seen as an operations specialist, was appointed as COO, speculation emerged that he might one day rise to CEO. Since then, JBS has shed assets in South America and paid down more than $2 billion in debt. Through Tuesday, the stock this year gained 17 percent, the most among main peers, The rally erased the loss that followed the Batista brothers’ plea deal in May 2017, when they confessed to bribing over 1,800 politicians over the years.

 

On a conference call with investors, Tomazoni said his appointment offers JBS an opportunity to boost governance and compliance standards. He said he’s fully committed to transparency “in all relations.” Improving margins through efficiency gains and listing JBS in the U.S. market are priorities, he said.

 

On Wednesday, JBS jumped as much as 5.2 percent to 12.08 reais in Sao Paulo, leading gains on the benchmark Ibovespa index...

 

more, including chart

https://www.bloombergquint.com/business/jbs-breaks-family-tradition-with-appointment-of-tomazoni-as-ceo

 

 

New JBS CEO to boost margins, sees large potential in U.S. market

 

Reporting by Alberto Alerigi; Writing by Marcelo Teixeira; Editing by Christian Plumb, Reuters

December 5, 2018

 

SAO PAULO, Dec 5 (Reuters) - JBS SA’s newly-appointed chief executive said on Wednesday he will seek to boost the Brazilian meatpacker’s profit margins and sees a large potential for growth in the United States’ market for processed products.

 

Gilberto Tomazoni, named to succeed company founder Jose Batista Sobrinho as CEO late on Tuesday, said a listing of its U.S. operations remains a priority and will be done in an “appropriate time”. JBS has also announced a new Chief Financial Officer...

 

more

https://uk.reuters.com/article/jbs-strategy/new-jbs-ceo-to-boost-margins-sees-large-potential-in-us-market-idUKE6N1TR01Q

 

 

Batista Family Loses Control Of Meatpacker JBS

Founder José Batista Sobrinho, aka Zé Mineiro, will be replaced by director of operations Gilberto Tomazoni

 

Joana Cunha, Folha De S.Paulo (Brazil) 

Dec.5.2018

 

Săo Paulo | A little over a year after taking over meatpacker JBS, founder José Batista Sobrinho - also known as Zé Mineiro -- will leave the position. Gilberto Tomazoni, currently director of operations at the company, will be its new global CEO.

 

Zé Mineiro, 84, had been chosen by the JBS board in September 2017 to replace his son and former CEO Wesley Batista, who had been arrested a few days prior.

 

The Tuesday (4th) announcement is important because this is the first time in the history of JBS that the CEO position will be filled by someone who doesn't belong to the Batista family.

 

Zé Mineiro will remain as a member of the executive board, as he has been for the last ten years.

 

JBS' new global CEO starts his mandate with the position that the change in command represents another step towards a stronger focus of best practices in compliance.

 

"I'm not a JBS person. I come from the financial markets. I've been at JBS for six of my 36 years of professional experience. What you see is the result of what I helped to build," he said.

 

In November JBS released stronger than expected third-quarter results, related to high beef sales in Brazil and the US. The company's stock rose almost 8%.

 

JBS is making an effort to move past the criminal investigations involving the Batista founding family, especially brothers Wesley and Joesley Batista...

 

more

https://www1.folha.uol.com.br/internacional/en/business/2018/12/batista-family-loses-control-of-meatpackerjbs.shtml

 

 

JBS expands beef recall to more than 12M pounds

 

By Cathy Siegner, FoodDive

Dec. 5, 2018

 

Dive Brief:

 

·         The raw beef recall from JBS Tolleson, Inc., in Arizona has expanded by more than 5 million pounds due to potential salmonella contamination, the U.S. Department of Agriculture's Food Safety and Inspection Service announced Tuesday. The total amount being recalled is now about 12 million pounds.

·         The recalled products were packaged between July 26 and Sept. 7. The agency posted an 18-page list of the expanded recalled items, which were shipped to retail locations and institutions across the country, plus photos of the labels. The products subject to recall bear establishment number “EST. 267” inside the USDA mark of inspection.

·         The U.S. Centers for Disease Control and Prevention is advising consumers and retailers not to eat, serve or sell ground beef produced by JBS Tolleson and to check freezers for the recalled products. As of Nov. 15, the agency said 246 people from 25 states have been infected with the outbreak salmonella strain and 59 have been hospitalized. No deaths have been reported, the CDC said.

 

Dive Insight:

 

About two months after its original recall, JBS Tolleson announced this week that it was voluntary expanding the recall because although the affected products have been removed from retail stores, some consumers may still have frozen product in their freezers.

 

"As a food company, our first priority is the safe production of food," the company said in a statement. "While no products in this expansion have been definitively linked to any illness, we have determined in consultation with USDA’s Food Safety and Inspection Service (FSIS) that this action is in the best interests of public health."

 

While this is a massive beef recall by industry and federal agency standards, it's not the biggest. There have been at least four larger beef-related recalls in the past 21 years...

 

more, including links

https://www.fooddive.com/news/jbs-expands-beef-recall-to-more-than-12m-pounds/543587/

 

 

After more than 200 people fall ill, raw beef recall expands to 12 million pounds

 

WTXL

via The Daily Independent - Dec 4, 2018

 

WTXL/RNN) - As the U.S. Department of Agriculture investigated an October recall on beef, officials realized some patients were falling ill from products not included in the initial recall, so they decided to expand it.

 

More than 12 million pounds of raw beef products distributed nationwide by the JBS Tolleson company are under recall after a Monday press release added 5.1 million pounds to the standing recall.

 

Investigators say 246 people from 26 states became ill from what may be salmonella contamination from July 26 to Sept. 7, 2018. This is a significant increase from October, by which time officials had determined 57 people from 16 states had fallen ill.

 

At least three patients had purchased JBS Tolleson ground beef products that were not included in the Oct. 4 recall, according to the press release.

 

The recalled products were packaged from July 26 to Sept. 7, 2018, and bear the establishment number “EST. 267” inside the USDA mark of inspection. They were shipped nationwide to retail locations and institutions.

 

Federal officials are concerned that some frozen product may be in consumers' freezers. The products should be thrown away or returned to the place of purchase, officials said.

 

The USDA is also reminding consumers to safely prepare raw beef and make sure it is properly cooked.

 

Eating food contaminated with salmonella can cause salmonellosis, a common bacterial foodborne illnesses.

 

The most common symptoms of salmonellosis are diarrhea, abdominal cramps, and fever within 12 to 72 hours after eating the contaminated product. The illness usually lasts four to seven days...

 

more

https://www.dailyindependent.com/cnhi_network/after-more-than-people-fall-ill-raw-beef-recall-expands/article_1e51ac22-3b8c-5579-ab51-09a962470d4e.html

 

 

Lawmakers push USDA after beef recall

 

Matt McFarland & Kaitlyn Naples, WFSB (CT) 

Dec 5, 2018

 

NEW HAVEN, CT (WFSB) -- As a nationwide ground beef recall continues to grow, some of that meat made its way to Connecticut.

 

After this latest recall, shoppers are now left wondering what’s next.

 

Congresswoman Rosa DeLauro sent a letter to the USDA (United States Department of Agriculture), saying she wants to see the salmonella testing records for the last year.

 

She said it’s pretty concerning that it’s the second recall in a matter of months, pushing the total to more than 12 million pounds of ground beef.

 

The USDA added another 5.1 million pounds of ground beef packaged by JBS Tolleson out in Arizona, to the more than 6.9 million pounds first recalled back in October, after being linked to a salmonella outbreak.

 

According to the USDA, the beef was sold under a number of brands, including at select Walmart and Sam’s Club locations.

 

In Connecticut, the meat distributed was packaged as Cedar River Farms prime ground beef, 80/20 mixture, with used and sell by dates for Aug. 21, Aug. 27, Sept. 3, Sept. 10, Sept. 17, and Sept. 24.

 

The concern is that the meat in question, could be in people’s freezers.

 

“I heard about a few of them and we check our fridge and check the freezer. To make sure that we don’t have it because we don’t want nothing terrible happening to my grands or any of us, so we always check,” said Patricia Simmons, of New Haven...

 

more, including link to DeLauro's full letter

https://www.wfsb.com/news/lawmakers-push-usda-after-beef-recall/article_8a37a330-f8be-11e8-ad39-bbdcbc9875e1.html