SAO PAULO, Dec 5 (Reuters) - JBS SA’s newly-appointed chief executive said on Wednesday he will seek to boost the Brazilian meatpacker’s profit margins and sees a large potential for growth in the United States’ market for processed products.
Gilberto Tomazoni, named to succeed company founder Jose Batista Sobrinho as CEO late on Tuesday, said a listing of its U.S. operations remains a priority and will be done in an “appropriate time”. JBS has also announced a new Chief Financial Officer.
Its shares were up by 5 percent in early trading in Sao Paulo.
Reporting by Alberto Alerigi; Writing by Marcelo Teixeira; Editing by Christian Plumb