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Petro-Perú Director Óscar Zapata Resigns After 13 Days as Raúl Jaime Ancasi Joins Board

The abrupt change lands during a government-ordered overhaul that is seeking a transformation lead through a renewed international tender.

Overview

  • Petro-Perú informed the market regulator via a Hecho de Importancia that Óscar Zapata’s resignation as independent director took effect on November 28 after a tenure that began on November 15.
  • Raúl Jaime Ancasi was appointed by the shareholders’ meeting effective November 29 to replace Zapata on the state oil company’s board.
  • Zapata’s resignation letter provided no explanation for his departure, according to the filing with the Superintendencia del Mercado de Valores.
  • The company is running a second international process to hire a Chief Transformation Officer after the first contest was voided when the sole finalist’s bid exceeded the reference budget by about 17%.
  • The reconfigured board is chaired by Luis Alberto Canales Gálvez and includes Elba Rojas Álvarez de Mares, Jesús Ramírez Gutiérrez, worker representative Néstor Herrera Guerrero, and alternate workers’ representative Luis Camino Quinde.