Mexico's Sheinbaum Says Pemex CEO Rodriguez Leaving
Sheinbaum said Rodriguez will step down after 18 months as Pemex struggled with divisions, spills and a refinery accident.
- On Thursday, Mexican President Claudia Sheinbaum announced that Pemex CEO Victor Rodriguez Padilla is stepping down, nominating the company's chief financial officer, Juan Carlos Carpio, to replace him.
- Rodriguez's tenure faced significant challenges including internal divisions, a major oil spill, and a deadly refinery accident; the 69-year-old former academic twice offered his resignation last year before Sheinbaum persuaded him to stay.
- Carpio, an economist trained at the National Autonomous University, previously worked with Energy Minister Luz Elena Gonzalez when she managed Mexico City's finances during Sheinbaum's mayoral tenure.
- Carpio pledged to "guarantee that our activities will be 100% focused on strengthening the company and consolidating the country's energy sovereignty," while Sheinbaum confirmed Rodriguez's existing team will remain in their roles.
- Production is just 1.6 million barrels a day, falling short of Pemex's 1.8 million target, and the company reported a $2.6 billion loss in the first quarter amid operational pressures.
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Pemex CEO Change: Mexico Names Finance Chief Days After S&P Cut
Key Facts —The announcement: Claudia Sheinbaum announced on May 14 that Víctor Rodríguez Padilla is stepping down as Pemex CEO after 18 months, replaced by CFO Juan Carlos Carpio Fragoso. —The profile: Carpio has no prior hydrocarbon-sector experience. He is a UNAM economist and CIDE master who spent his career on debt and public finance. […] The post Pemex CEO Change: Mexico Names Finance Chief Days After S&P Cut appeared first on The Rio Times.
Victor Rodriguez delivered his resignation letter twice in 2025, according to two sources, but Claudia Sheinbaum had persuaded him to stay on both occasions.
President Claudia Sheinbaum Pardo announced yesterday the departure of Victor Rodriguez from the general management of Mexican Petroleum (Pemex) and the arrival of Juan Carlos Carpio Fragoso, director of finance of the oil company.
Sheinbaum justified the decision by highlighting Carpio’s trajectory within the corporation by stating that “he is an honest man, and has been working on Pemex for a year and a half; he knows all the projects”
President Claudia Sheinbaum confirmed the departure of Víctor Rodríguez Padilla de Pemex. Next, we tell you who is Víctor Rodríguez Padilla, former director of Pemex who will continue working at the Institute of Electricity and Clean Energies. Who is Víctor Rodríguez Padilla, former director of Pemex?Víctor Rodríguez Padilla is a physicist and specialist in energy economy, as highlighted in his various articles and books that he has published ov…
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