CITGO's Board of Directors is focused on guiding CITGO toward our Vision and ensuring that it is achieved in a manner consistent with our corporate values.
The Board members are nominated and elected annually, as required by Delaware law, by CITGO Holding, Inc., our shareholder, who is directly owned by PDV Holding, Inc.. Since CITGO is a corporation formed under the laws of Delaware, the Board's powers and duties are spelled out in Delaware law and in our own bylaws.
The Board has two committees: the Audit Committee and the Compensation Committee.
Guillermo Blanco has been appointed to the CITGO Board of Directors and elected as Director and Chairman of the Board. Mr. Blanco holds a Bachelor of Military Arts and Sciences from the Venezuela Military Academy (1982) and served in the National Naval Forces as Commander of Platoon, Company Commander and Logistics Manager.
Mr. Blanco has served in various management positions including Operations Manager, Corporate Manager of Protection and Control of Losses, and Corporate Manager of Industrial Protection at PDVSA. Mr. Blanco was also a Corporate Manager of Risk Control and Research at Pequiven, and General Manager at Petrocasa Construction Company. He is currently the General Director of the Internal Market at The Ministry of Oil and Vice President of Refining at PDVSA, as well as on the Board of Directors.
Nelson Ferrer has been appointed to the CITGO Board of Directors. Mr. Ferrer holds a bachelor's degree in Electrical Engineering from the Polytechnic University of Barquisimeto (1989), and also received a postgraduate degree in Maintenance Engineering.
Mr. Ferrer has served in various management positions dealing with plant maintenance including Unit Supervisor, Superintendent of Maintenance Programming, Superintendent of Plant Gas and Water, and Manager of Plant Gas and Water. In 2011, he served as District Manager in Punta de Mata, and then in 2012 assumed the position of General Manager. In 2014, he was appointed Assistant Director of Production, and in 2017 was appointed to the Board of Directors of PDVSA, as well as Vice President of Exploration and Production.
Ysmel Serrano has been appointed to the CITGO Board of Directors. Mr. Serrano holds both Law and Political Science degrees from the University of the Andes (2002). He also studied Negotiation and Conflict Resolution in Security and Defense of the Nation at The National Defense's Institute for Higher Learning.
Mr. Serrano has served in various management positions in the Public Sector, including at National Identification Office and Foreign Affairs, National Land Institute, Institute of Forensic Science, Ministry of Public Safety and Ministry of Interior and Justice Affairs. Most recently he has served as Secretary of Commerce for the Bolivarian Government of Aragua State. He currently serves as President of FOGADE and is Vice President of Trade and Supply at PDVSA, as well as on the Board of Directors.