Behind the scenes of the resignation of the CEO of YPF

This week an unexpected event happened: the CEO of YPF Sergio Affronti. According to him, Affronti was in a strong internal relationship with Pablo González, the president of the company, because of the way he handled himself. YPF. Affronti was the one who carried out the management of the company and Gonzalez, as president, and representative of the Government in the board of directors, was the one who imposed the policy.

The relationship between the two was already complex due to the nature of their positions, Affronti he sought to optimize the company’s numbers, while González prioritized issues more related to the government’s economic policy. An example: during the crisis due to the lack of diesel, González was very angry with Affronti because he had stopped the purchase of diesel. González was looking to stock and Affronti take care of the box From the president’s point of view, optimizing spending was nothing more than a plot to hurt his management. At the end of the day the one who had to render accounts in the Government was him.

The tension between the two deepened with an episode revealed by NEWS two weeks ago. This is the case of espionage within the company that was denounced in the court of Servini e Cubría in May. Apparently Affronti was part of the group that refused to report the case in court and find a way to resolve it with internal summaries. Those who know the management of the company understand that Affronti represents the interests of the so-called “line” workers, while González comes from politics. That is to say that he is not from the “Ypfian” family. The “line” is called employees in a dependency relationship who made a career within the company.

The espionage episode was an important short circuit within all the conflicts that were already taking place between the president and the CEO. It is not clear to Gonzalez if Affronti sent him to spy or if he protects the “line”.

The case for espionage is ongoing and was ratified. Alejandro Garofani was involved therethe company security employee who took pictures with a cell phone of the papers that were on the president’s desk.

Affront’s departure also cleared up an unknown that usually turns in the oil universe: What influence does Miguel Galuccio about Cristina Kirchner on energy issues? Affronti would have arrived as CEO to YPF on the recommendation of Galuccio. In other words, if Affronti has now been ejected from the company, it is likely that Galuccio no longer have the same arrival at Christina than a few years ago. Just in case, González, in order not to have problems, first warned Cristina that he would force Affronti’s resignation. President Alberto Fernández found out later.

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