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r8u2i(dn[ae5e)m346jdw6}8_media_dl_1.png Source: Bloomberg Article content (Bloomberg) — Antonio Brufau, the oil industry’s longest serving chairman, will keep going despite an earlier pledge to step down from his position at Repsol SA. Article content Brufau was reelected by a majority of votes at the Madrid-based oil producer’s annual shareholders meeting on Thursday, granting him four more years overseeing a company that has undergone a sweeping transformation during his tenure. The exact amount of shareholders who backed him will be made public later. Article content Since his appointment in 2004, the former refining monopoly has fought off a takeover attempt, weathered the fallout from the nationalization of assets in South America and announced a major push into green energy. Repsol said in 2019 that Brufau, 75, wanted the current four-year term to be his last. But widespread changes over the past 18 months among the company’s top ranks — including the departures of the head of upstream, the head of clean energy, and the head of communications and regulation — prompted a rethink. With a much younger executive committee running the company, the board decided to recommend that Brufau should stay on. Article content Article content Brufau’s 18-year term makes him […]
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