En Español



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Reuters Staff -YPF CEO Ricardo Darre, resigns, 6-member exec committee to run firm

 

 

 




By Reuters Staff

BUENOS AIRES
Petroleumworld 08 29 2017

The chief executive officer of YPF SA, Argentina's state-owned oil company, has resigned and a six-member executive committee will run the company, it said on Monday.

The company did not name a replacement for CEO Ricardo Darre, who had held the job since July of last year. Darre, an engineer, had previously worked for French oil company Total in the United States.

YPF controls large swathes of the Vaca Muerta shale play in southwestern Argentina, one of the world's largest unconventional oil and gas fields.

Shares of YPF fell 1.1 percent in local trading.

The executive committee will include Carlos Alfonsi, who was executive vice president for downstream, as executive vice president for operations and transformation. Current Chief Financial Officer Daniel Gonzalez will be on the committee as vice president of administration and finance.

The rest of the committee will include an executive vice presidents for upstream and downstream, an executive vice president for gas and energy and a vice president for corporate affairs, communications and marketing.

Attracting investment to develop Vaca Muerta is a key priority for Argentina's business-friendly President Mauricio Macri, who took office in December 2015. Macri has implemented a number of free-market reforms, including the reduction of costly subsidies for home gas and electricity consumption.

YPF revamped its leadership early last year to adapt to the new political climate. Chairman Miguel Gutierrez, who will remain in his position and work with the executive committee, has had a substantial role in day-to-day operations since joining the company last year.



Reporting by Juliana Castilla and Luc Cohen; Editing by Chizu Nomiyama and Jeffrey Benkoe from Reuters.

reuters
.com
08 28 2017

We invite all our readers to share with us
their views and comments about this article.

Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

 



Sept. 14-15,
Accra, Ghana

 

Nov 13-14 ;
Mexico City, Mexico

 

 

 

 

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld   / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.