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Argentina Names Former Schlumberger Executive As YPF CEO

By Taos Turner OF DOW JONES NEWSWIRES BUENOS AIRES -(Dow Jones)- Argentine President Cristina Kirchner named a new chief executive to manage the recently nationalized oil and gas company, YPF SA (YPF, YPFD.BA). The new CEO, Miguel Galuccio, is a petroleum engineer by training and a former official at the oil services giant Schlumberger Ltd. (SLB), Kirchner said. "The idea is to have a YPF that's absolutely competitive and professional but with political direction," Kirchner said in a nationally televised speech. Moments before her speech, Kirchner signed a bill to expropriate 51% of YPF's stock from its majority shareholder, Spain's Repsol YPF SA (REPYY, REP.MC). -By Taos Turner, Dow Jones Newswires; 5411-4103-6728; taos.turner@dowjones.com

Stock News for Y P F Sociedade Anon (YPF)
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