Galuccio, Kicillof lead new YPF board of directors

The YPF shareholders picked the company's new board of directors, which includes sixteen members representing the nation and the provinces, and one member representing Spanish oil company Repsol. 

Economy Deputy Minister, Axel Kicillof will be the only A Class director representing the state, while the other fifteen will remain D Class.

The shareholders meeting, which began at 11:45 am and ended at 3:20 pm, was presided by the head of the CNV, Alejandro Vanoli, and took place at the YPF building in Puerto Madero. 

Present on behalf of the state were Axel Kicillof, Planning Minister Julio De Vido and the President’s Legal and Technical Secretary, Carlos Zanini.

This follows the recent approval of the expropriation law, which removed 51 percent of shares owned by Spanish oil giant Repsol.