Indicted Pilgrimís Pride CEO surrenders passport
By Dan Mika, BizWest Media/Longmont Times-Call (CO)
June 24, 2020
GREELEY ó Former Pilgrimís Pride Corp. (Nasdaq: PPC) chief Jayson Penn has agreed to surrender his passport and not leave the country as he faces federal price-fixing charges.
In a filing with the U.S. District Court of Colorado, federal prosecutors requested Penn surrender those documents after taking a paid leave of absence from the Greeley chicken producer, saying he no longer had a need to travel for work. Penn did not oppose the request and is currently free on bail.
Fabio Sandrio, chief financial officer, is serving as interim president and CEO.
Penn and three other chicken industry executives...