JBS CEO Meets Investors in New York as Brother Draws Ire
- CEO Wesley Batista sought to assure investors after scandal
- Younger brother Joesley has been focus of plea deal backlash
As Brazilians lash out at Joesley Batista, the beef tycoon at the center of the latest corruption scandal to hit the South American nation, his less flashy older brother is trying to reassure investors it’s business as usual at the world’s largest meatpacker.
Wesley Batista, who kept his post as chief executive officer at meatpacking giant JBS SA after signing a plea agreement with prosecutors, has met with several investors in New York in the past week, people familiar with the matter said, asking not to be identified because the meetings were private. In the gatherings, he tried to shore up confidence and encourage investment in his company, which has lost about a third of its value on the stock market since news of the plea broke last month.