Latest news with #GilbertoTomazoni
Yahoo
25-06-2025
- Business
- Yahoo
JBS Leadership Rings ‘Opening Bell' at New York Stock Exchange to Mark U.S. Listing
Company Provides Strategic Business Update at NYSE Investor Day SAO PAULO & GREELEY, Colo., June 25, 2025--(BUSINESS WIRE)--JBS (NYSE: JBS), a premier global food company, today marked its recent listing on the New York Stock Exchange (NYSE) with a bell-ringing ceremony, and presented its global strategy for growth and value creation. The event brought together members of the financial community for a presentation at the NYSE, where JBS leadership outlined key priorities and opportunities across its global operations. Ahead of the investor event, JBS executives marked the occasion by ringing the opening bell — an honor personally conducted by Mr. José Batista Sobrinho, known as Zé Mineiro, the founder of JBS. Mr. Zé Mineiro established the company in 1953 in Anápolis, Goiás, starting from a small butcher shop. The company's name, JBS, carries his initials — a lasting tribute to its origins. More than 70 years later, JBS has grown into a global company that continues to honor its roots while feeding people around the world. "This is the beginning of an exciting new chapter for JBS," said JBS CEO Gilberto Tomazoni. "Our recent listing on the NYSE is the culmination of incredibly hard work of teams in every corner of our global organization and better positions JBS to fulfill our ambitions to be the world's leading food company. Through key growth projects, JBS can meet the strong consumer demand for high-quality proteins and build on the win-win relationships we have established with our producer partners. We are grateful for the opportunity to engage with our U.S.-based investors and look forward to continuing to showcase our vision to feed a growing world, while creating a better future for our team members and the communities in which we operate." Before the bell-ringing ceremony, Mr. Wesley Batista, controlling shareholder of JBS, delivered a brief speech to guests and investors. "While we grow and adapt, our way of working remains the same. We are focused. We are disciplined. We are determined to be the best in all that we do," he said — a message that reflects the company's mission and enduring commitment to operational excellence across its global operations. Speaking to an audience of more than 100 analysts and investors, JBS presented its long-term growth and value creation strategy, key areas of investment across its global operations. The presentation was led by Wesley Batista, controlling shareholder of JBS; Wesley Batista Filho, CEO of JBS USA; Gilberto Tomazoni, Global CEO; and Guilherme Cavalcanti, Global CFO. Further information, including supporting materials from the investor meeting, can be on the company's website: About JBS JBS is a leading global food company offering a diversified portfolio of high-quality poultry, pork, beef, lamb, fish and plant-based products. The company employs more than 280,000 people, with operations in 17 countries, including Brazil, the United States, Canada, the United Kingdom, Australia and China. Globally, JBS offers a broad portfolio of brands known for their excellence and innovation, including Friboi, Seara, Swift, Pilgrim's Pride, Moy Park, Primo, Just Bare, and many others, which reach consumers in 190 countries daily. The company invests in related businesses such as leather, biodiesel, collagen, personal care and cleaning products, natural casings, solid waste management solutions, recycling, and transportation, focusing on the circular economy. JBS prioritizes a best-in-class food safety program, while adopting leading sustainability and animal welfare practices throughout its value chain, to feed people around the world more sustainably. Visit to learn more. Forward-Looking Statements This press release contains certain statements, including estimates, projections, statements relating to business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, that are "forward-looking statements," as defined under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identified by the words "anticipate," "believe," "estimate," "expect," "future," "intend," "may," "opportunity," "outlook," "plan," "project," "should," "strategy," "will," "would," "will be," "will continue," "will likely result" and similar expressions. These statements are based on the current expectations of the management of JBS and are subject to uncertainty and to changes in circumstances. In addition, these statements are based on a number of assumptions that are subject to change. This press release also contains estimates and other information concerning the industry in which the JBS Group operates, that are based on industry publications, surveys and forecasts. This information involves a number of assumptions and limitations, and we have not independently verified the accuracy or completeness of the information. Many factors could cause actual results to differ materially from these forward-looking statements including unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management and expansion and growth of JBS' operations. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on JBS' consolidated financial condition, results of operations or liquidity. Forward-looking statements included herein are made as of the date hereof, and JBS undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances. View source version on Contacts Media media@ Investors JBS IR Teamri@
Business Wire
25-06-2025
- Business
- Business Wire
JBS Leadership Rings ‘Opening Bell' at New York Stock Exchange to Mark U.S. Listing
SAO PAULO & GREELEY, Colo.--(BUSINESS WIRE)--JBS (NYSE: JBS), a premier global food company, today marked its recent listing on the New York Stock Exchange (NYSE) with a bell-ringing ceremony, and presented its global strategy for growth and value creation. The event brought together members of the financial community for a presentation at the NYSE, where JBS leadership outlined key priorities and opportunities across its global operations. 'This is the beginning of an exciting new chapter for JBS,' said JBS CEO Gilberto Tomazoni. Share Ahead of the investor event, JBS executives marked the occasion by ringing the opening bell — an honor personally conducted by Mr. José Batista Sobrinho, known as Zé Mineiro, the founder of JBS. Mr. Zé Mineiro established the company in 1953 in Anápolis, Goiás, starting from a small butcher shop. The company's name, JBS, carries his initials — a lasting tribute to its origins. More than 70 years later, JBS has grown into a global company that continues to honor its roots while feeding people around the world. 'This is the beginning of an exciting new chapter for JBS,' said JBS CEO Gilberto Tomazoni. 'Our recent listing on the NYSE is the culmination of incredibly hard work of teams in every corner of our global organization and better positions JBS to fulfill our ambitions to be the world's leading food company. Through key growth projects, JBS can meet the strong consumer demand for high-quality proteins and build on the win-win relationships we have established with our producer partners. We are grateful for the opportunity to engage with our U.S.-based investors and look forward to continuing to showcase our vision to feed a growing world, while creating a better future for our team members and the communities in which we operate.' Before the bell-ringing ceremony, Mr. Wesley Batista, controlling shareholder of JBS, delivered a brief speech to guests and investors. 'While we grow and adapt, our way of working remains the same. We are focused. We are disciplined. We are determined to be the best in all that we do,' he said — a message that reflects the company's mission and enduring commitment to operational excellence across its global operations. Speaking to an audience of more than 100 analysts and investors, JBS presented its long-term growth and value creation strategy, key areas of investment across its global operations. The presentation was led by Wesley Batista, controlling shareholder of JBS; Wesley Batista Filho, CEO of JBS USA; Gilberto Tomazoni, Global CEO; and Guilherme Cavalcanti, Global CFO. Further information, including supporting materials from the investor meeting, can be on the company's website: About JBS JBS is a leading global food company offering a diversified portfolio of high-quality poultry, pork, beef, lamb, fish and plant-based products. The company employs more than 280,000 people, with operations in 17 countries, including Brazil, the United States, Canada, the United Kingdom, Australia and China. Globally, JBS offers a broad portfolio of brands known for their excellence and innovation, including Friboi, Seara, Swift, Pilgrim's Pride, Moy Park, Primo, Just Bare, and many others, which reach consumers in 190 countries daily. The company invests in related businesses such as leather, biodiesel, collagen, personal care and cleaning products, natural casings, solid waste management solutions, recycling, and transportation, focusing on the circular economy. JBS prioritizes a best-in-class food safety program, while adopting leading sustainability and animal welfare practices throughout its value chain, to feed people around the world more sustainably. Visit to learn more. Forward-Looking Statements This press release contains certain statements, including estimates, projections, statements relating to business plans, objectives, and expected operating results, and the assumptions upon which those statements are based, that are 'forward-looking statements,' as defined under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are generally identified by the words 'anticipate,' 'believe,' 'estimate,' 'expect,' 'future,' 'intend,' 'may,' 'opportunity,' 'outlook,' 'plan,' 'project,' 'should,' 'strategy,' 'will,' 'would,' 'will be,' 'will continue,' 'will likely result' and similar expressions. These statements are based on the current expectations of the management of JBS and are subject to uncertainty and to changes in circumstances. In addition, these statements are based on a number of assumptions that are subject to change. This press release also contains estimates and other information concerning the industry in which the JBS Group operates, that are based on industry publications, surveys and forecasts. This information involves a number of assumptions and limitations, and we have not independently verified the accuracy or completeness of the information. Many factors could cause actual results to differ materially from these forward-looking statements including unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management and expansion and growth of JBS' operations. While the list of factors presented here is considered representative, no such list should be considered to be a complete statement of all potential risks and uncertainties. Unlisted factors may present significant additional obstacles to the realization of forward looking statements. Consequences of material differences in results as compared with those anticipated in the forward-looking statements could include, among other things, business disruption, operational problems, financial loss, legal liability to third parties and similar risks, any of which could have a material adverse effect on JBS' consolidated financial condition, results of operations or liquidity. Forward-looking statements included herein are made as of the date hereof, and JBS undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances.
Yahoo
13-06-2025
- Business
- Yahoo
The World's Largest Meatpacker Is Finally Set for Its NYSE Debut
The world's biggest meat company is set to debut on the New York Stock Exchange, riding strong earnings and American consumers' fixation on protein. Ordinarily, such a deal would draw a crowd of banks, a big roadshow and a traditional listing-day bell-ringing ceremony. JBS is going a different route, simply making its shares available to trade and letting the market take it from there. The Case for Rate Cuts Is Growing Inside ABC News's Decision to Oust a Longtime Correspondent Boeing Crash in India Is First Fatal Incident Involving a 787 Jet Chime Financial Is the Latest IPO to Soar in Debut Aerospace Startup JetZero to Start Building Futuristic Planes in North Carolina The São Paulo-based company on Friday will directly list its shares on the Big Board, aiming to cement its image as an American meat conglomerate. JBS last week delisted its shares from Brazil's São Paulo Stock Exchange, where they had traded for almost two decades. 'This step will mark a new chapter in the company's journey,' JBS Chief Executive Gilberto Tomazoni said last month. The $15 billion Brazilian meatpacking conglomerate brings to U.S. markets a sprawling global operation—and some baggage. A corruption case in Brazil ensnared two of its founding family members, who did jail time related to the affair, and environmental groups have long alleged it has driven deforestation. How JBS's listing trades will be a barometer on whether U.S. investors harbor concerns about the company, or are eager to get a piece of its prospects. JBS leaders have been trying to list shares in the U.S. since at least 2016. Company officials have said the move would help reduce its cost of capital and expand its branded product offering. JBS Chief Financial Officer Guilherme Cavalcanti said that the company isn't raising capital from the listing and that moving its shares from Brazil to the U.S. will open the company to a broader pool of potential investors. He said the company doesn't need a roadshow and regularly talks to investors at conferences. 'We are just doing bureaucratic things in changing an exchange,' Cavalcanti said in an interview. 'Why should I pay something to the bank, right, if I don't need them?' Named for founder José Batista Sobrinho, JBS began as a family-owned slaughterhouse in the Brazilian countryside. The Bastista family built JBS into a beef powerhouse in its home country, and harnessed government-backed loans to help fund an international acquisition spree that made it a global giant. JBS employs roughly 280,000 people around the world, processing protein ranging from beef to salmon and lamb. More than half of JBS's nearly $80 billion in sales now come from North America, where it is the largest U.S. processor of beef, the second-largest pork supplier and the majority owner of Pilgrim's Pride, the second-largest American chicken company. JBS reported a nearly $2 billion profit for 2024 compared with a loss the prior year, and its annual sales surpassed Wall Street analysts' estimates. The company's past efforts to list its shares in the U.S. were interrupted by market conditions following the Covid-19 pandemic, executives have said. JBS has also dealt with fallout from a corporate corruption scandal in Brazil. J&F Investimentos, which is run by the Batista family and owns about half of JBS's stock, admitted in 2017 to paying about $150 million in bribes to Brazilian politicians to help secure cheap government funding for acquisitions. Fallout from that episode landed the billionaire brothers Joesley and Wesley Batista in jail for several months. J&F in 2020 settled a corruption case with U.S. authorities, which it said was important to improving corporate governance efforts. Some of the largest American banks, including Morgan Stanley, JPMorgan Chase and Goldman Sachs, won't do business with JBS for compliance reasons, according to people familiar with the matter. A JBS spokeswoman said the company has a robust compliance program and uses a number of American, Canadian, European and Latin American banks. She said that as JBS board members, Wesley and Joesley Batista bring decades of operational experience, including turning around many of its U.S. acquisitions over the years. U.S. lawmakers and environmental groups have raised concerns over JBS's stock listing plan. Last year a bipartisan group of senators, including now Secretary of State Marco Rubio, called on the Securities and Exchange Commission to scrutinize the listing, saying it could 'subject U.S. investors to risk from a company with a history of blatant, systemic corruption, and further entrench its monopoly power.' Environmental groups have urged the SEC and NYSE to bar the listing, citing what they called JBS's record of profiting from Amazon deforestation, which the company has denied. Last month, shareholder advisory firms Glass Lewis and Institutional Shareholder Services recommended JBS investors vote against the company's listing plans. The firms said the listing could give J&F Investimentos, the company's controlling shareholder, roughly 85% of voting power in the U.S.-listed company. JBS secured approval from the SEC earlier this year. Company shareholders in late May approved a plan to restructure the company in the Netherlands and move forward with a U.S. listing. In addition to its primary New York listing, JBS will trade in Brazil through Brazilian Depositary Receipts, or BDRs. In a letter to the SEC, Michael Martino, founder of Mason Capital Management, a JBS shareholder, said that being publicly traded in the U.S. would enhance the company's governance. 'We see a company built over many years from nothing to $80 billion in sales,' Martino said. Write to Patrick Thomas at and Corrie Driebusch at Scale AI Gets Meta Investment That Values It at More Than $29 Billion Why Warner Boss Zaslav Is Having to Split Up the Media Empire He Built More Financial Advisers Are Outsourcing Investment Decisions Norway Wealth Fund Puts TD Bank Under Observation Live Q&A: Ask Us Your Air Safety Questions Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Fast Company
23-05-2025
- Business
- Fast Company
Brazilian meat giant JBS gets closer to listing on the NYSE—despite ‘history of corruption'
Brazilian meat giant JBS came a step closer Friday to its long-held goal of trading its shares on the New York Stock Exchange. The company's minority shareholders voted to approve the company's plan to list its shares both in Sao Paulo and New York, casting aside opposition from environmental groups, U.S. lawmakers and others who noted JBS' record of corruption, monopolistic behavior and environmental destruction. JBS Global CEO Gilberto Tomazoni said the outcome showed shareholders were confident in the benefits a dual listing would bring. The company said before the vote that listing shares in the U.S. would boost its global profile and attract new investors. JBS said it expected to begin trading on the New York Stock Exchange on June 12. The U.S. Securities and Exchange Commission granted the company's request to list its shares in New York late last month. JBS is one of the world's largest food companies, with more than 250 production facilities in 17 countries. Half of its annual revenue comes from the U.S., where it has more than 72,000 employees. It's America's top beef producer and it's second-largest producer of poultry and pork. JBS's plan—which has been in the works for years—has generated significant pushback. Last fall, 20 environmental organizations—including Mighty Earth, Greenpeace and Rainforest Action Network—signed an open letter to JBS investors opposing the listing, saying it would put the climate at greater risk. Glass Lewis, an influential independent investor advisory firm, was also among those recommending that shareholders reject the plan. In its report, Glass Lewis said the recent return of brothers Joesley and Wesley Batista to the JBS board should concern investors. The brothers, who are the sons of JBS' founder, were briefly jailed in Brazil in 2017 on bribery and corruption charges. 'In our view, the involvement of the company and of Joesley and Wesley Batista in multiple high-profile scandals has tarnished the company's reputation, undermining stakeholder trust and posing a significant risk to its competitive position,' Glass Lewis said. Glass Lewis also objected to the company's plan for dual share classes, which would give the Batistas and other controlling shareholders more voting power. In its response to Glass Lewis' report, JBS said it has established more stringent controls and anti-corruption training at the company in recent years. It also said a U.S. listing would ensure more oversight from U.S. authorities. 'We believe this transaction will increase our visibility in global markets, attract new investors and further strengthen our position as a global food industry leader,' Tomazoni said in a statement last month when the company announced Friday's vote. Many U.S. lawmakers also aren't convinced JBS belongs on the New York Stock Exchange. In a letter sent last week to JBS, U.S. Sen. Elizabeth Warren, a Massachusetts Democrat, noted that Pilgrim's Pride —a U.S. company owned by JBS—was the largest single donor to President Donald Trump's inaugural committee, with a $5 million gift. The SEC's approval came just weeks after that donation, Warren said. 'I am concerned Pilgrim's Pride may have made its contribution to the inaugural fund to curry favor with the Trump administration,' Warren wrote in the letter, which asked the company why the donation was made. In a statement, JBS said it has a 'long bipartisan history of participating in the civic process.' Warren was also among a bipartisan group of 15 U.S. senators who sent a letter to the SEC in January 2024 urging the agency to reject a U.S. listing for JBS. The senators, a diverse group that rarely agrees on policy, included Republicans Marco Rubio of Florida and Josh Hawley of Missouri, Democrat Cory Booker of New Jersey and Independent Bernie Sanders of Vermont. The letter noted that in 2020, J&F Investments, a controlling shareholder of JBS that is owned by the Batista family, pleaded guilty to bribery charges in U.S. federal court and agreed to pay fines of $256 million. It also said Pilgrim's Pride pleaded guilty to price-fixing charges in 2021. And it said U.S. Senate investigations found that JBS is 'turning a blind eye' to rainforest destruction in the Amazon by its suppliers. 'Approval of JBS' proposed listing would subject U.S. investors to risk from a company with a history of blatant, systemic corruption, and further entrench its monopoly power and embolden its monopoly practices,' the letter said.
Globe and Mail
23-05-2025
- Business
- Globe and Mail
JBS shareholders approve US stock listing despite pushback from environmental groups and others
Brazilian meat giant JBS came a step closer Friday to its long-held goal of trading its shares on the New York Stock Exchange. The company's minority shareholders voted to approve the company's plan to list its shares both in Sao Paulo and New York, casting aside opposition from environmental groups, U.S. lawmakers and others who noted JBS' record of corruption, monopolistic behavior and environmental destruction. JBS Global CEO Gilberto Tomazoni said the outcome showed shareholders were confident in the benefits a dual listing would bring. The company said before the vote that listing shares in the U.S. would boost its global profile and attract new investors. JBS said it expected to begin trading on the New York Stock Exchange on June 12. The U.S. Securities and Exchange Commission granted the company's request to list its shares in New York late last month. JBS is one of the world's largest food companies, with more than 250 production facilities in 17 countries. Half of its annual revenue comes from the U.S., where it has more than 72,000 employees. It's America's top beef producer and it's second-largest producer of poultry and pork. JBS's plan — which has been in the works for years — has generated significant pushback. Last fall, 20 environmental organizations — including Mighty Earth, Greenpeace and Rainforest Action Network — signed an open letter to JBS investors opposing the listing, saying it would put the climate at greater risk. Glass Lewis, an influential independent investor advisory firm, was also among those recommending that shareholders reject the plan. In its report, Glass Lewis said the recent return of brothers Joesley and Wesley Batista to the JBS board should concern investors. The brothers, who are the sons of JBS' founder, were briefly jailed in Brazil in 2017 on bribery and corruption charges. 'In our view, the involvement of the company and of Joesley and Wesley Batista in multiple high-profile scandals has tarnished the company's reputation, undermining stakeholder trust and posing a significant risk to its competitive position,' Glass Lewis said. Glass Lewis also objected to the company's plan for dual share classes, which would give the Batistas and other controlling shareholders more voting power. In its response to Glass Lewis' report, JBS said it has established more stringent controls and anti-corruption training at the company in recent years. It also said a U.S. listing would ensure more oversight from U.S. authorities. 'We believe this transaction will increase our visibility in global markets, attract new investors and further strengthen our position as a global food industry leader,' Tomazoni said in a statement last month when the company announced Friday's vote. Many U.S. lawmakers also aren't convinced JBS belongs on the New York Stock Exchange. In a letter sent last week to JBS, U.S. Sen. Elizabeth Warren, a Massachusetts Democrat, noted that Pilgrim's Pride — a U.S. company owned by JBS — was the largest single donor to President Donald Trump's inaugural committee, with a $5 million gift. The SEC's approval came just weeks after that donation, Warren said. 'I am concerned Pilgrim's Pride may have made its contribution to the inaugural fund to curry favor with the Trump administration,' Warren wrote in the letter, which asked the company why the donation was made. In a statement, JBS said it has a 'long bipartisan history of participating in the civic process.' Warren was also among a bipartisan group of 15 U.S. senators who sent a letter to the SEC in January 2024 urging the agency to reject a U.S. listing for JBS. The senators, a diverse group that rarely agrees on policy, included Republicans Marco Rubio of Florida and Josh Hawley of Missouri, Democrat Cory Booker of New Jersey and Independent Bernie Sanders of Vermont. The letter noted that in 2020, J&F Investments, a controlling shareholder of JBS that is owned by the Batista family, pleaded guilty to bribery charges in U.S. federal court and agreed to pay fines of $256 million. It also said Pilgrim's Pride pleaded guilty to price-fixing charges in 2021. And it said U.S. Senate investigations found that JBS is 'turning a blind eye' to rainforest destruction in the Amazon by its suppliers. 'Approval of JBS' proposed listing would subject U.S. investors to risk from a company with a history of blatant, systemic corruption, and further entrench its monopoly power and embolden its monopoly practices,' the letter said.
