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Who is who: how power is shared within the state oil company

2021-01-24T18:28:29.730Z

The delicate balance between business connoisseurs, finance experts and Kirchnerism envoys.Dollar blue today: how much it is trading at this Sunday, January 24



Martin Bidegaray

01/23/2021 22:01

  • Clarín.com

  • Economy

Updated 01/24/2021 9:14 AM

The new power map within YPF marks

two leading figures

: the next president

Pablo González

and the CEO,

Sergio Affronti

.

There are also other relevant names:

Alejandro Lew

(CFO, Finance Director),

Carlos Alfonsi

- Vice President of Services- and

Santiago "Patucho" Alvarez

, Vice President of Corporate Affairs, Communications and Marketing, and a kind of

representative of the Kirchner family in the company.

González, who has not yet assumed or been appointed, comes from being

Alicia Kirchner's deputy governor

in Santa Cruz.

Néstor Kirchner's sister would have had a greater influence than supposed in this appointment, in tune with her nephew

Máximo Kirchner

(head of the Frente de Todos bench) and

Cristina Fernández de Kirchner.

He is a man of the "project", as Kirchnerism likes to call itself.

Own and others recognize him capacity for work and willingness to conciliate.

In the union conflicts between YPF and the unions in Santa Cruz, he was seen as someone who collaborated rather than criticized, according to former YPF executives.

Student in the

diploma in Hydrocarbon Law at the Austral University, it

is estimated that he will have a green card from the Executive Power.

"I don't see it in a presentation to the SEC or to investors, a quality that (Guillermo) Nielsen could have," says another interlocutor who negotiated with González.

In the market they believe that González will try to

defend the provinces,

so that they benefit from YPF's policy and that will help him in his image.

"He knows the

Gulf basin and Tierra del Fuego well,

" says someone who is not from his political space.

The policy already reads that this blessing to González in YPF as a prelude for him to run as a

candidate for governor in Santa Cruz.

The same is predicted for

Darío Martínez,

the Secretary of Energy, from Neuquén, who would aspire to be president there.

Sergio Affronti is the CEO, responsible for the day-to-day running of the company.

Miguel Galuccio

, former president of YPF, proposed him as part of a shortlist of candidates for consideration by Cristina Fernández de Kirchner.

Affronti took over and had to spearhead a

debt restructuring, a voluntary retirement plan

and other measures to weather losses: this year, YPF posted

a negative operating result of US $ 1.46 billion.

Affronti took over and implemented a controversial measure - the

"creole barrel,"

a support price for local oil production - that Affronti endorsed and Nielsen refused to endorse.

It also displaced most of the management that had worked with the previous president,

Miguel Gutiérrez.

His knowledge of the industry is certified by his peers.

Alejandro Lew took center stage in recent days.

He is the CFO, Director of Finance, and oversees the attempted new debt swap.

His brother, Sergio Lew, was the CEO of the Argentine branch of Banco Santander until weeks ago.

And Alejandro was

vice president of JP Morgan, managing director of HSBC and CFO of Genneia

.

“He had a very successful career, so he has a good financial position.

He is doing this because he wants to help YPF ”, describes another businessman who knows him.

Carlos Alfonsi has worked at YPF since 1986

.

His position is Vice President of Services.

He knows all the details of the company,

almost like nobody else.

He has had relationships with all the most important executives over 25 years and there is no person at YPF who is unaware of his influence.

When the current administration removed Daniel González (who was CEO in the previous administration), several believed that Alfonsi was going to be appointed to that position.

Santiago “Patucho” Alvarez is Vice President of Corporate Affairs, Communications and Marketing.

Manages the advertising box

of the largest company in the country.

He was the owner of Télam

in the second term of Cristina Fernández de Kirchner.

He is a camper completely aligned with Máximo Kirchner.

Another career executive at YPF is

Fernando Giliberti

.

It arrived in 2012 by the hand of Galuccio.

He continued in relevant positions at the oil company during the Cambiemos administration.

In 2020, he dedicated himself to

reducing the costs of the contracts

that YPF had with its suppliers.

He was vice president of Supply Chain, but was transferred to Special Projects.

He is also one of those who understands the corridors of the Puerto Madero tower - the one that is now for sale - like few others.

Look also

YPF in the hands of Cristina and La Cámpora

YPF advised the market that it will pay a debt of US $ 63 million on time and the share bounced 7%

Source: clarin

All business articles on 2021-01-24

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