BUENOS AIRES—Miguel Galuccio, the chief executive of YPF, Argentina's state-run oil company, will leave the company soon, YPF and government officials said on Wednesday.

Mr. Galuccio's plans to step down come after President Mauricio Macri decided to pursue new management at the company, which is 51% government-owned.

Mr. Galuccio was appointed to head YPF in 2012 by then President Cristina Kirchner after her government expropriated the company from Spain's Repsol.

A YPF official said Mr. Galuccio has already begun working on a transition to help the company and the government adjust to having a new chief executive, possibly next month.

Juan José Aranguren, Argentina's energy minister, didn't respond to requests for comment.

Macri administration officials say the government has been considering at least two people to replace Mr. Galuccio: Javier Rielo, a former oil executive at Total Argentina; and Miguel Gutié rrez, who once ran Telefó nica Group in Argentina.

Write to Taos Turner at taos.turner@wsj.com

(END) Dow Jones Newswires

March 09, 2016 07:55 ET (12:55 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.
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