CITGO TO APPOINT NEW CEO TO NAVIGATE POLITICAL, LEGAL TURMOIL

CITGO PETROLEUM CORP HAS SELECTED CARLOS JORDA AS ITS NEXT CHIEF EXECUTIVE, ACCO...

JORDA, 69, WAS CHAIRMAN OF CITGO PETROLEUM BETWEEN 1999 AND 2002 AND RETIRED FROM THE COMPANY IN THE EARLY 2000S.

Citgo officials loyal to President Nicolas Maduro were ousted and new boards for PDVSA and Citgo were named by the Venezuelan congress in February.
Luisa Palacios, a Venezuelan executive appointed by Guaido to lead Citgo's board, would remain as chair and other directors also would continue, two of the sources said.
Venezuelan Oil Minister Manuel Quevedo said over the weekend that the Trump administration is "stealing" Citgo, applying "irrational measures" and pursuing an economic war against Maduro.

(Reuters) - Citgo Petroleum Corp has selected Carlos Jorda as its next chief executive, according to three people familiar with the matter, turning to a seasoned refinery expert and native Venezuelan to run a company facing...

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Article ID: 309824 Date: 13th August, 2019 Social Shares: 5025
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