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SPRING CLEANING.

Petroleos de Mexico (Pemex) Director Raul Munoz Leos wasted no time in cleaning house at the state-run oil monopoly. The former Dupont executive for Mexico announced that energy consultant Luis Ramirez Corzo would replace Jose Antonio Ceballos as head of Pemex exploration and production. At the same time, Armando Leal Santa Ana was promoted to head the company's refining division, replacing Jaime Mario Willars.

Meanwhile, four high-profile executives, including Telefonos de Mexico (Telmex) CEO Carlos Slim and cement giant Cemex CEO Lorenzo Zambrano, were booted off the Pemex board of directors. They were replaced by four government officials.
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Author:DEMPSEY, MARY
Publication:Latin Trade
Date:Jul 1, 2001
Words:98
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