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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62 Articles
Mexican Oils (Pemex), the world’s most indebted oil company, will be under the command of a former finance officer from Mexico City. President Claudia Sheinbaum announced on Thursday to Juan Carlos Carpio Fragoso as the next director of the parastatal, replacing Victor Rodríguez Padilla. The official served as head of finance for the oil company. Economist by profession, he has a solid experience in the management of public debt and finance. In …
Víctor Rodríguez resigns as Pemex director after a month of troubles
President Claudia Sheinbaum appointed Juan Carlos Carpio to be the new director of Mexico’s state-owned oil company after the embattled former CEO stepped aside on Thursday. Víctor Rodríguez resigned to return to his academic pursuits and will continue to support the government from the Institute of Electricity and Clean Energy, Sheinbaum said. El nuevo director de Pemex no es petrolero, es un hombre de números. Juan Carlos Carpio Fragoso es e…
Sheinbaum Taps Pemex CFO to Run Mexico’s Indebted Oil Giant
Petroleos Mexicanos Chief Executive Officer Víctor Rodríguez Padilla is stepping down, handing the reins to a financial expert with close ties to the president as Mexico’s oil company grapples with a heavy debt load.
The president defended the assignment of Juan Carlos Carpio as a substitute for Víctor Rodríguez
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.
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