Fabio Sandri is the Chief Executive Officer of Pilgrim's Pride Corporation, a position he has held since September 2020 after serving as the Chief Financial Officer since 2011. He brings a strong background in finance with a master's degree from...

Number of Employees

61.2K

Year

2023

Total Compensation

$1.96M

Salary

$942.31K

Board Justification

The compensation philosophy is designed to align executive pay with performance, with a significant portion of total compensation being performance-based and tied to the company's financial objectives.

Bonus

$1.00M

Board Justification

Annual cash bonus pursuant to the Short-Term Management Incentive Plan (STIP) based on performance metrics for fiscal year 2023.

Other

$22.10K

Board Justification

Includes group-term life insurance, long-term disability premium, company 401(k) match, and deferred compensation plan contributions.

Restricted Stock

$0.00(0 RSU)

Board Justification

No stock grants were vested in 2023 as the stock awards are performance-based and will vest ratably over a three-year service period starting in 2024.

Performance Metrics

The performance metrics for the CEO's compensation in 2023 were based on income before taxes as a percentage of net revenues (PBT Margin).

SEC Filing

From December 10, 2024

Fabio Sandri

CEO of Pilgrim's Pride Corporation

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Education

Masters in Business Administration from Wharton School, University of Pennsylvania; degree in electrical engineering from Escola Politécnica da Universidade de São Paulo.

Field of Expertise

Finance & Banking - Finance

Born

Invalid Date - 0 years ago

Is Founder?

No

Current Tenure

4 years 3 months (Sep 2020 - Present)

Previous Experience

Chief Financial Officer since June 2011; Interim President and Chief Executive Officer since June 2020; previous roles in financial leadership at Estacio Participações, Imbra SA, and Braskem S.A.