Mexico's state-run oil company revokes president's appointments
MEXICO CITY (AP) -- The country's state-run oil company on Monday
revoked President Vicente Fox's appointments of four private businessmen to its
administration board and replaced them with government officials, local media
In an extraordinary session, the board of administration for Petroleos
or Pemex, replaced the businessmen with Assistant Finance Secretary Santiago
Levy; Communication Minister Pedro Cerisola; Finance Minister Luis Ernesto
Derbez; and the director of the development bank, Bancomext, Jose Luis
In February, Fox named telecommunications magnate Carlos Slim; the chairman
of the world's third-largest cement company, Lorenzo Zambrano; the head of
Frito-Lay operations in Latin America, Rogelio Rebolledo; and billionaire
businessman Alfonso Romo to the board.
The move prompted criticism from opposition legislators who said it was
unconstitutional. They suggested that the businessmen serve on a technical
advisory group, not as part of the board of administration.
That issue will be taken up at the next board meeting in June, local media
Fox, who took office December 1, has repeated his campaign pledge not to
privatize Pemex, which was created with the 1938 expropriation of the oil
industry and is widely considered as a keystone of national sovereignty.
However, the president has also said that Pemex -- often criticized as
-- needs an "entrepreneurial vision."
Copyright 2001 The Associated Press.