[ad_1]
© Reuters. FILE PHOTO: The emblem of PDVSA’s U.S. unit Citgo Petroleum is seen at a fuel station in Stowell, Texas, U.S., June 12, 2018. REUTERS/Jonathan BachmanHOUSTON (Reuters) – Oil govt Luis Giusti Lugo was faraway from the board of administrators of Houston-based refiner Citgo Petroleum, the chief of the corporate’s supervisory physique mentioned on Monday.
“Citgo Holding’s board unanimously agreed two weeks in the past to ask for his resignation,” Horacio Medina, chief of the PDV ad-hoc board, mentioned with out elaborating on the explanations.
Giusti was formally notified on Friday, Medina added. Citgo, the U.S. arm of Venezuela’s state-run firm PDVSA, is managed by the Venezuelan opposition by way of a sequence of supervisory boards.
Giusti, son of a former PDVSA president, had changed CEO Carlos Jorda in a reshuffling of the Citgo board final June. That shakeup led to 5 appointees tied to totally different Venezuelan opposition events, a number of of whom have left within the interim.
Final month, Robert Kent was added to Citgo Petroleum’s board.
Citgo, which on Monday was now not itemizing the chief as a member of its board, didn’t instantly reply to a request for remark.
[ad_2]
Source link
