Pilgrim’s Pride Corp. said Sunday that Jayson Penn, its president and CEO, is taking a leave of absence to focus on his defense in a price fixing indictment.
Penn is one of four current and former executives at chicken companies who were indicted earlier this month on charges of price fixing.
A federal grand jury in Colorado found that executives from Greeley, Colo.-based Pilgrim’s PPC, +0.71% nd Claxton, Ga.-based Claxton Poultry Farms conspired to fix prices and rig bids for broiler chickens from at least 2012 to 2017.
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