JBS SA announced it is proposing adding Joesley and Wesley Batista back to the company’s board of directors.
The Brazilian billionaire brothers stepped down in 2017 following a corruption controversy, but the pair was acquitted of insider trading charges in 2023. Earlier this year, the brothers were appointed to the Pilgrim’s Pride Corporation Board of Directors.
The Batistas’ nominations to the JBS board will be voted on at the next shareholders meeting to be held later this month.
JBS is currently planning to launch a potential initial public offering in the U.S., although senators requested in January for the Securities and Exchange Commission to scrutinize the company before allowing it to trade on U.S. stock exchanges.
