Overview
- YPF formally notified the Buenos Aires stock exchange and the CNV that Carlos Bastos resigned for personal reasons and that Lisandro Catalán was named to the board.
- Catalán exited the Interior Ministry on November 3 after a 47-day tenure and is closely linked to former chief of staff Guillermo Francos, who also sits on YPF’s board.
- The state holds 51% of YPF’s shares, giving the Executive authority to place representatives on the company’s directorate.
- Coverage frames the change as displacing a technocrat tied to Domingo Cavallo and as bolstering Catalán’s political projection in Tucumán ahead of 2027.
- Some outlets cite a very high monthly pay for directors and note uncertainty over who collects compensation, though official filings have not confirmed specific amounts.