Billionaire Brothers to Join Board of Brazil Meat Giant JBS (1)

Brazilian billionaire brothers <-bsp-person state="{"_id":"0000018e-7d83-d509-adee-7dd3bd640000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Joesley and <-bsp-person state="{"_id":"0000018e-7d83-d509-adee-7dd3bd640001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Wesley Batista were named to the board of JBS SA, paving the way for their return to the family’s meat empire after years of absence following a massive corruption scandal.

The brothers will take two extra seats on the board of the world’s largest processor of animal protein, the company said in a <-bsp-bb-link state="{"bbDocId":"SAZCFEBMZA4G","_id":"0000018e-7d83-d509-adee-7dd3bd650000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">filing late on Tuesday. Independent directors would still be the majority on the board, with seven of a total 11 seats, it said. The Batistas’ nominations are pending formal approval by shareholders at a meeting next month.

The brothers led JBS’s ...