Argentinian owner Ultrapetrol has announced that Damián Scokin will resign from his role as chief executive officer, effective November 1, and will join the company’s board of directors.
In the meantime, Eduardo Ojea Quintana, chairman of Ultrapetrol’s board of directors, has been selected to serve as chief executive officer of the company.
Ojea Quintana has been a director of Ultrapetrol since 2012 and has served as chairman since 2015. Prior to that, he served as the president of the board of Transportadora de Gas del Norte and as a member of the board of several other energy companies in South America.
“I would like to thank Damián Scokin for his dedicated leadership in guiding Ultrapetrol through a very challenging market environment. I look forward to working with Damián and with the rest of Ultrapetrol’s Board and management team to continue to advance our strategic goals of enhancing Ultrapetrol’s operational performance and achieving a consensual financial restructuring that positions the Company for long-term success,” said Ojea Quintana.