Argentina to Pay Galuccio $72 Mln Pesos to Leave YPF

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(Energy Analytics Institute, Jared Yamin, 5.May.2016) – The government of President Mauricio Macri will pay 72 million Argentine pesos to Miguel Galuccio as part of an offer to the executive to depart the company.

Board of Director members with YPF, controlled 51 percent by the government, came to agreement at the April 29, 2016 assembly meeting in Argentina.

“The compensation for all of his functions and other concepts as CEO of the company will total 72,000,000 and include an agreement for him to leave the company,” reported by the daily newspaper iEco, citing an official statement from the company.

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