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Asdrúbal Chávez Appointed Acting President and CEO of CITGO Petroleum Corporation

HOUSTON, Nov. 29, 2017 /PRNewswire/ -- The CITGO Board of Directors has appointed Asdrúbal Chávez as the new Acting President and CEO of CITGO Petroleum Corporation effective Nov. 28.

Mr. Chávez comes to CITGO with more than 30 years of industry experience. A chemical engineer graduating from the Universidad de los Andes in 1979, Chávez began his career at the El Palito Refinery in the state of Carabobo, Venezuela, working in the areas of industrial services, distillation and specialties, conversion and treatment, crude and products movement, programming and economics and process engineering. After a one-year assignment with Union Pacific Oil in the United States, Chávez returned to the El Palito Refinery where he managed several expansion and organization projects throughout the 1990s.

In 2001, he was named Manager of Human Resources of Bitúmenes Orinoco, S.A. (Bitor) and was appointed to the Board of Directors the following year. In 2003, he was appointed Executive Director of Human Resources followed by Executive Director of Commerce and Supply of Petróleos de Venezuela, S.A. (PDVSA) before being appointed Vice President of Refining, Trade and Supply. Since 2009, he has held additional important functions, including Vice Minister of Petrochemicals, President of PDV Marina, and Director of CITGO Petroleum Corporation. In September 2014, Chávez was appointed Minister of the Popular Power of Petroleum and Mining the entity responsible for all oil activity in Venezuela.

Chavez's in-depth industry experience and knowledge of CITGO makes him well-suited for his recent appointment as Acting President and CEO of CITGO Petroleum Corporation.

About CITGO
CITGO, based in Houston, is a refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products. The company is owned by CITGO Holding, Inc., an indirect wholly owned subsidiary of Petróleos de Venezuela, S.A., the national oil company of the Bolivarian Republic of Venezuela. For more information, visit www.CITGO.com.

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SOURCE CITGO Petroleum Corporation