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Peru Confirms Full Petroperú Board Overhaul This Week

The finance ministry says vetted appointees will be tasked with a rapid plan to restore financial sustainability.

Overview

  • Economy and Finance Minister Denisse Miralles said the board change will be executed this week after evaluating candidate profiles for alignment with government objectives.
  • The incoming directors are expected to deliver a short-term stabilization plan in roughly three weeks to prevent a deeper financial crisis.
  • Fidel Moreno Rodríguez continues as interim president following the removal of Alejandro Narváez more than two weeks ago.
  • Petroperú reported a net loss of US$355 million through the third quarter of the year after multiple state rescues since 2022.
  • Recent leadership moves include the appointment of José Manuel Rodríguez as general manager, replacing Óscar Vera.