Citgo Petroleum Corp has selected Carlos Jorda as its next chief executive, acco...
- 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 legal attacks and working under U.S. sanctions against parent Petroleos de Venezuela .
An appointment could be announced as soon as this week, the people said. Jorda, 69, was chairman of Citgo Petroleum between 1999 and 2002 and retired from the company in the early 2000s. He is a director at Delek US Holding, an oil refiner based in Tennessee, and an adviser at consultancy Gaffney, Cline & Associates.
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. Luisa Palacios, a Venezuelan executive appointed by Guaido to lead Citgo’s board, would remain as chair and other directors also would continue, one of the people said.
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