CITGO’s Board of Directors is focused on guiding CITGO toward our Vision and ensuring that it is achieved in a manner consistent with our corporate values.
The Board members are nominated and elected annually, as required by Delaware law, by PDV America, Inc., our shareholder, who is owned by PDVSA. Since CITGO is a corporation formed under the laws of Delaware, the Board’s powers and duties are spelled out in Delaware law and our own bylaws.
The Board has two committees: the Audit Committee and the Compensation Committee.
Alejandro Granado, Chairman
Alejandro Granado graduated with a degree in engineering / refining processes from the Ploiesti Oil and Gas Institute in Romania in 1981; he holds a master’s in refining / petrochemicals from the same institution.
He began his career in the oil industry in 1981 with Intevep’s Processes Development department. In 1985, he became resident engineer for the BTX project in Chicago. In 1987, he began working for Veba Oel in Germany as a process engineer.
In 1990, he was assigned to British Petroleum in London as a leader in the Process Engineering unit dedicated to the Oxygenates Project for the el Palito and Amuay Cardon refineries.
Between 1991 and 1997 he held different supervisory and managerial positions in the Process Engineering department of Intevep. He was later transferred to CITGO Petroleum Corporation, where he acted as Technology Manager at the Lemont Refinery.
In 2000, he became the manager for PDVSA’s Process Engineering Department. He subsequently became Manager of Conceptual and Basic Engineering, a position he held until December 2002, when he became General Assistant Manager of Refining in Puerto La Cruz, Venezuela.
In July 2003, PDVSA’s Board of Directors approved his appointment as Managing Director of Refining for PDVSA’s Eastern Division. In June 2004, he was appointed Managing Director of Domestic and International Refining, and he has been Vice President of PDV Marina since 2004.
In January 2005, he was appointed Vice President of PDVSA, responsible for the refining area both at a domestic and international level. Also in early 2005, he was appointed Chairman of the Board of Directors of CITGO Petroleum Corporation.
On May, 18, 2007, he was appointed President and CEO of CITGO Petroleum Corporation and retained his position as Chairman of the Board of Directors of the company.
Eudomario Carruyo
A Chartered Accountant, Eudomario Carruyo graduated from the University of Zulia in 1972, and did postgraduate work at the universities of Columbia and Michigan.
He began his career in the oil industry in 1964, retired in 1997, and returned in 2000. In addition to his position on CITGO’s Board, he has responsibilities in several areas at PDVSA, including: Finance, Information Technology, Economic and Financial Evaluation of subsidiaries and joint ventures, as well as the Industrial Products Business Unit of the Jose Operational Complex. Carruyo is also a director of the Pequiven subsidiary and joint ventures.
Asdrúbal Chávez
Asdrúbal Chávez obtained a bachelor’s degree in chemical engineering from the Universdad de Los Andes in 1979. He began his career in the oil industry that same year, at the El Palito refinery in central Venezuela.
Chávez is currently the vice president of refining, trade and supply at PDVSA. Since January 2005, he has been a director of PDVSA and CITGO, the president of PDV Marina, and the PDVSA representative at various affiliates and joint ventures.
He also acted as the leader of the team that negotiated the 2004-2006 Collective Labor Contract.
Outside of his roles within PDVSA, in 2000 he was assigned to the Ministry of Production and Commerce, to assist with its restructuring.
Eulogio Del Pino
Eulogio Del Pino is a geophysical engineer who graduated from the Universidad Central de Venezuela and also has a master of science degree in oil exploration from Stanford University. He started his career in the oil industry at INTEVEP, PDVSA’s technology and research center in 1979, where he held various technical and supervisory positions.
In 1990, he was appointed Latin America technical manager for the Western Atlas Co., and returned to PDVSA at its Corpoven affiliate, where he held various management positions. In 1997, he was appointed exploration and delineation manager of PDVSA Exploration and Production. In 2003, he became general manager of strategic associations at the PDVSA affiliate de Corporación Venezolana de Petróleo. In 2205, Del Pino was named director of PDVSA and president of PDVSA CVP.
He has served as president and vice president of the Venezuelan Society of Geophysical Engineers and vice president of the U.S. Society of Exploration Geophysicists. He is the founder and coordinator of the Latin American Geophysical Union.
Del Pino has been a professor at both pre- and post-graduate levels at the Universidad Central de Venezuela and the Universidad Simón Bolivar in Caracas, Venezuela.
