Key facts
- JBS appointed Wesley Batista Filho as its new global CEO.
- Wesley Batista Filho will assume the role of global CEO in January 2027.
- Wesley Batista Filho is currently the CEO of JBS USA.
- Gilberto Tomazoni will be succeeded by Wesley Batista Filho as global CEO.
- JBS reported a net loss of $102 million for the second quarter.
- Natura reported a 92.1% year-on-year decline in Q2 net profit.
- Natura's Q2 net profit was 35 million reais.
- Natura cited higher financial expenses and operational issues in Brazil for its profit decline.
- Natura's net revenue fell 9.1% in the second quarter.
JBS, the world's largest meatpacker, has announced the appointment of Wesley Batista Filho as its new global CEO. The leadership transition is set to take effect in January 2027, with Filho succeeding the current CEO, Gilberto Tomazoni. Wesley Batista Filho currently holds the position of CEO of JBS USA. In addition to the CEO change, JBS reported an unexpected net loss of $102 million for the second quarter.
Separately, Brazilian cosmetics company Natura has disclosed a significant drop in its second-quarter financial performance. The company reported a 92.1% year-on-year decline in net profit, which fell to 35 million reais. This downturn is attributed primarily to increased financial expenses and operational challenges experienced within Brazil. Natura's net revenue also saw a decrease, falling by 9.1% during the same period.