Former president of P&G Latin America takes over as new JBS chairman

30/05/2017
JBS’s under-fire chairman, Joesley Batista, has resigned and the packer and leather producer’s board has elected Tarek Farahat as its new chairman.

Mr Farahat worked for consumer product group Procter & Gamble for 26 years, serving in a number of leadership positions in several regions around the globe, including the Middle East, Europe and Latin America. From 2006 to 2012, he served as president of P&G Brazil and in 201 became president of P&G Latin America. He has been a member of the board of directors of JBS since 2013 and has served as its global president of marketing and innovation since 2015.

On taking up the chairmanship of JBS, Mr Farahat said: “Governance is my utmost priority. We will work hard to restore trust with the market and protect the more than 235,000 families that are part of JBS. There is a significant amount of work to be done in order to regain the trust of our stakeholders.”