Last November 7th at night, the Shareholders’ Meeting of Petroperu appointed the new board of directors of the oil company, with the president’s choice Dina Boluarte at the head, that is, the left-wing economist Alejandro Narváez.
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Through an official letter published in the Important Facts of the Superintendence of the Securities Market (SMV), the state company reported the appointment of Narváez, David Quispe Figueroa, César Rodríguez Villanueva, Robert James Mc Donald and Carlos Alberto Lezameta. They would join the workers’ representative, Antonio Monsalva, on the board of directors.
However, the surprise was great when the resignation of two of those elected was announced: Lezameta and Mc Donald (the resignation of the latter is even made official in the Important Facts). Palace sources informed this newspaper that both were surprised with the appointment and had not yet confirmed their entry into the oil company, which led them to step aside.
As recalled, there are several names that were put forward to occupy the position, but some preferred not to go ahead due to the presence of Narváez, who always had the support of the president, but not of the ministers Rómulo Mucho and José Arista.
Today Petroperú is left with four directors, with which they can now work. One of the first actions will be related to the restructuring of the public company, although the elected president has minimized the situation of the oil company, which until September recorded losses of US$750 million.
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TOTAL REJECTION
The appointment of the new president of the company raises questions, due, among other things, to his links to the radical left. In the 2021 elections he was a candidate for Congress for Together for Peru – which led Verónika Mendoza to the presidency -, a party to which he remains affiliated to this day.
Former Energy Minister Arturo Vásquez also stated that in the previous administration as president of the state company (between 2003 and 2005), Narváez “demonstrated inadequate management and allowed Petroperú to be used as petty cash for the Government Palace.”
“It has links with the unions and the old management that generated the economic crisis. “It would be expected that it would stop the restructuring process,” he explained to this newspaper.
For his part, analyst Anthony Laub told Perú21TV that this appointment will mean that more money will continue to be injected into a company that is currently going through a crisis.
“60 days have been taken to appoint at least three people who, in one way or another, their only experience has been being second and third level public officials,” he commented.
DATA
Emergency decree 013-2024, through which more resources were injected into Petroperú, provides that a specialized firm be hired to be in charge of designing and managing the company’s comprehensive transformation process.
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