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Marty, CITGO sign caretaker since 1965.Marty, CITGO sign caretaker since 1965.
   CITGO Board of Directors

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.

Board Members

Alejandro GranadoAlejandro 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.

Bernard MommerBernard Mommer
Bernard Mommer holds a master's degree in mathematics and a doctorate in social science, both from the University of Tübingen, Germany. He worked as a university professor and researcher for many years at various Venezuelan universities. From 1991 to 1995 he was a senior advisor to Petróleos de Venezuela. From 1995 to 2001 he was a senior research fellow at the Oxford Institute for Energy Studies and St. Anthony's College, Oxford. He also acted as an advisor to the Venezuelan Minister of Energy and Mines from 1999 to 2000, and as a consultant to the Secretary General of OPEC in Vienna in 2002. Prior to his appointment to PDV UK, he was an advisor to the President of PDVSA.

Dr. Mommer's publications include: Die Ölfrage [The Petroleum Question] (1983: Institut für Internationale Angelegenheiten der Universität Hamburg, Nomos Verlagsgesellschaft Baden-Baden), "El petróleo en el pensamiento económico venezolano - Un ensayo" [Oil in the Economic Thought of Venezuela - An Essay] (Co-author Asdrúbal Baptista; Prologue by Arturo Uslar Pietri. Ediciones IESA, Caracas, 1987); and The New Governance of Venezuelan Oil (1998: Oxford Institute for Energy Studies). He just finished a book on Global Oil and the Nation State that was published by Oxford University Press, on behalf of the Oxford Institute for Energy Studies, in 2002.

Eudomario CarruyoEudomario 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.

Juan Carlos BouéDr. Juan Carlos Boué
Juan Carlos Boué earned a bachelor's degree in public administration from El Colegio de México in Mexico City, Mexico in 1990, was a visiting research fellow at the Oxford Institute for Energy Studies at Oxford University in Oxford, UK before receiving a doctorate degree in philosophy there in 1997. His doctoral thesis was entitled, "The Political Control of State Enterprises. The Case of the International Vertical Integration of Petróleos de Venezuela (1982-1995)." In 1997, he received the Paul Frankel Award from The Institute of Petroleum, London, UK.

In 1990, Juan Carlos began his career in the petroleum industry at PEMEX Internacional (PMI) as an Oil Market Analyst, Junior Manager, North American Crude Oil Exports and Commercial Manager for Crude Oil Sales before serving as a Senior Research Officer at the Oxford Institute for Energy Studies from 1999 - 2005. In 2005, he accepted his present position of Manager, Ministry of Energy and Petroleum Resource Unit, PDV (UK), Special Advisor, Vice Ministry of Energy, in London, England.

His expertise is in microeconomic and logistical aspects of oil markets and oil trading, oil geopolitics, oil and gas taxation, oil and development, OPEC, and the political economy of oil in Latin and North America.

Asdrubal ChavezAsdrúbal Chávez
Asdrúbal Chávez graduated from the University of Los Andes in 1979. He began his career in the oil industry that same year, posted to the El Palito refinery in central Venezuela.

Chávez is currently the executive director responsible for Commerce and Supply at PDVSA. 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.