Pitt served on the board since 2017.

The CVM board majority said the businessmen could not have foreseen future market conditions.

The global meat company said nine plants will implement the system.

The company will immediately begin servicing 10 facilities.

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Wesley Batista Filho joined the company in 2011.

Stellar partnered with the JBS subsidiary to build the Principe Italia facility.

Lawmakers cite a “history of misconduct” as grounds for suspension or debarment.

Buyers accused the processor of conspiracy to constrain supplies of beef to keep prices high.