REUTERS: Citgo Petroleum Corp has selected Carlos Jorda as its next chief executive, according to three people familiar with the matter, turning to a seasoned refinery expert and native Venezuelan to run a company facing legal attacks and working under U.S. sanctions against parent Petroleos de Venezuela .
A Citgo spokeswoman referred questions on Jorda and the potential appointment to a June statement acknowledging that the board was searching for a"leader who can best navigate the complex geopolitical and financial landscape." Venezuelan Oil Minister Manuel Quevedo said over the weekend that the Trump administration is"stealing" Citgo, applying"irrational measures" and pursuing an economic war against Maduro.The next CEO will take over a profitable business with nearly US$30 billion in revenue last year, according to company disclosures. Citgo is the eighth largest U.S. refiner by capacity and markets through a network of 5,300 retail outlets.
Luisa Palacios, a Venezuelan executive appointed by Guaido to lead Citgo's board, would remain as chair and other directors also would continue, one of the people said.
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