Ignacio Horvath left his position to work in the private sector after joining in 2016. The position will remain vacant until the new government.
The National Administration of Fuel, Alcohol and Portland (Ancap) announced the resignation of its general manager, Ignacio Horvath. The official will go to work in the private sector after eight years in office, starting August 1.
“This is a personal decision of the professional, who will assume a position in the private sector,” he explained. Ancap In a statement, he added that during his career, the official “focused on management efficiency and on promoting a strategic agenda centered on improving traditional operations and leading the company on the path of renewable energy through different projects”.
“The Board of Directors of Ancap thanks Horvath for his commitment and contribution to the company and wishes him the best in his next challenge,” the statement concludes.
Ignacio Horvath Ancap.webp
The general manager “announced his departure from the company” to work in the private sector, but his departure will not be effective until August 1. Until then, “he will collaborate with the Board of Directors to outline the transition process until the definitive provision of the position,” they confirmed from the state oil company. Meanwhile, the position will remain vacant until the new government takes office, since a call cannot be made for a new government to enter. civil servant to management during election times.
Horvath, a mechanical industrial engineer, acted as general manager of Ancap for eight years, since 2016, after having entered through a competition among more than 100 applicants.
Net income in decline
Although there would be no relation to specific situations of the company or political reasons, the announcement of the resignation occurs just a few days before the internal elections and after Ancap confirmed that its net income plummeted 20% year-on-year in May.
In this regard, and according to the latest transparency data released by the autonomous entity, a drop of 585 million pesos was recorded. Ancapwhich continues to recover from the extensive technical stoppage of the La Teja refineryreported net income at constant values of 7.635 billion pesos in May, 585 million pesos less than what it recorded in the same month of 2023, of 8.220 billion pesos.
At the beginning of June, the state-owned company reported losses of up to 48 million dollars during the first quarter, mainly explained by the import of fuels following the technical stoppage, which cost around 79 million dollars of investment since the middle of last year.
In the first five months of the year, the net income of Ancap They remain below last year’s figures, although they have been growing since March.
Source: Ambito
