LatinNews Daily - 03 August 2022

In brief: Director of Ecuador’s state oil company resigns

* Ítalo Cedeño, the director of Ecuador’s state-owned oil company Petroecuador, has announced his resignation, one day after President Guillermo Lasso called on the company’s executive board to remove him. Lasso’s move against Cedeño followed allegations in the local media that Cedeño’s wife had improperly advised him on key staff appointments. Announcing his resignation, Cedeño acknowledged that “in the first month, my wife had influence… advising at home on which people are honest and which are corrupt.” He challenged his critics to lodge a formal complaint with the attorney general’s office if they could find any irregularities in his staff appointments or any sign of bribery or influence peddling. Cedeño’s replacement is expected to be named in the coming days.

End of preview - This article contains approximately 120 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.