Overview
- The Petro‑Perú board designated Luis Alberto Suárez Carlo as acting general manager effective 15 August 2026 under Board Agreement N.° 087-2026-PP, a change reported to the SMV.
- Suárez Carlo is a long-time Petro‑Perú executive with more than 40 years in the sector and holds degrees in industrial engineering and law plus an MBA, a profile the board presented as supporting continuity during the transition.
- The board, chaired by Oliver Stark, says it is fully empowered to realign senior management and has signaled further leadership changes to match a reorganization started by the State earlier in 2026.
- Separately the board approved financial steps to formalize the State rescue, assigning TMF Fiduperú as trustee for a US$2 billion rescue trust and creating a special-purpose vehicle called Petroperú Invest SAC to channel the funds.
- The moves aim to strengthen Petro‑Perú’s financial and operational sustainability but have prompted union calls for transparency over the SPV and raised questions about future staffing and labor protections.