CITGO Welcomes New Leader

Granado takes position at Houston HQ

HOUSTON -- The new president and CEO of CITGO Petroleum Corp. and chairman of its board of directors, Alejandro Granado, arrived at the company's headquarters in Houston this week to begin the transition from outgoing president and CEO F alix Rodr a guez.

I am meeting with F alix and other senior staff members to ensure a smooth transition with no impact on CITGO's day-to-day operations, said Granado. Our customers will continue to receive the excellent service for which CITGO is known.

Granado was manager of process technology [image-nocss] at CITGO's Lemont, Ill., refinery in the late 1990s. Additionally, for the past two years, he has been chairman of CITGO's board of directors and will continue to hold this position concurrently with that of president and CEO. His board experience has allowed him to gain in-depth knowledge about the company's operations, projects, and all of the other key aspects of the business, according to the company.

CITGO has accomplished much during the past two years and my challenge now will be to build upon those achievements, Granado said. As the company's new president and CEO, I am looking forward to being there for our customers, business partners, employees and shareholder at every turn.

As previously reported on CSP Daily News, Granado was appointed to the top spot at CITGO on May 18 while Rodriguez will now head up parent company PDVSA's upstream Veba Oel joint venture in Germany.

CITGO is a refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals, refined waxes, asphalt and other industrial products. The company is owned by PDV America Inc., an indirect wholly owned subsidiary of Petr aleos de Venezuela, S.A. (PDVSA), the national oil company of the Bolivarian Republic of Venezuela.

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