Overview
- Official sources confirmed late Monday that Santilli will join YPF’s board as Director Titular Clase A to represent the national government.
- He fills the vacancy left by Manuel Adorni’s June resignation and will follow recent chiefs of cabinet in taking the seat ad honorem.
- Santilli has renounced director pay that the company’s 2026 balance values at about US$954,000 per year for an average YPF director.
- The Class A role carries the Acción de Oro, which gives the government veto and a decisive vote on mergers, reorganizations and potential privatizations of YPF.
- His appointment comes as YPF reported a record Q2 2026 — US$1,205 million net profit and US$2,804 million adjusted EBITDA — a result driven largely by higher international oil prices and the company’s lack of price hedges that passed gains to its balance.