Reuters exclusively reports U.S. oil refiner Citgo Petroleum readies new board shakeup

Reuters exclusively reported that Venezuela-owned Citgo Petroleum is preparing to name two of its executives as new members to its board of directors, to help steer the company during upcoming negotiations between its parent boards and creditors. Sources said CEO Carlos Jorda is expected to rejoin the board after a four-month hiatus, while the company’s top legal and government affairs official, former BP executive Jack Lynch, also will take a board seat.