December 5, 2018 / 12:52 PM / 6 months ago

New JBS CEO to boost margins, sees large potential in U.S. market

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

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