Pilgrim’s Pride Corp. chief Jayson Penn has agreed to surrender his passport and not leave the country as he continues to face federal price-fixing charges, according to the Greeley, Colorado, Tribune.
In a filing with the U.S. District Court of Colorado, federal prosecutors requested Penn surrender those documents. He had taken a paid leave of absence while he prepares his defense. Prosecutors said he no longer needed to travel outside the country for work and Penn's lawyers did not oppose the request. He remains free on bail.
He and 3 other chicken industry executives have pled not guilty to charges from a grand jury earlier this month. The four are accused of conspiring to rig bids sent to food-service companies and restaurant suppliers from 2012 to 2017.
Fabio Sandrio, chief financial officer, is serving as interim president and CEO.
Pilgrim's has facilities around the globe. Pilgrim's East Lake plant is Guntersville's largest employer.