OREANDA-NEWS. July 01, 2014. Santiago Bergareche resigned as a member of the Board of Directors of Compania Espanola de Petroleos, S.A.U. (CEPSA).

CEPSA’s Chairman, H.E. Khadem Al Qubaisi, commended Mr. Bergareche for his contributions, counsel and commitment to the Company over the past six years, highlighting his guidance and leadership throughout the recent transformational process of the Group following the acquisition of 100% of CEPSA’s share capital by the International Petroleum Investment Company (IPIC) in 2011.

On behalf of IPIC, Mr. Al Qubaisi extended his gratitude to Santiago Bergareche for his efforts, service and dedication to the Company during his entire tenure.

Pedro Miro has been appointed Vice Chairman of the Board. Mr. Miro thanked the Board and shareholder for the trust and confidence placed in him.