Mexico City, 12 September (Argus) — The head of state-owned Pemex’s international trading arm PMI, Margarita Perez, stepped down from her role as director this week, a source in the company told Argus.
Perez replacement will likely be Adan Garcia, the head of non-tax and hydrocarbons revenue at Mexico’s finance ministry, the source said. Garcia’s appointment will be discussed by Pemex and government officials later today.
PMI oversees Mexico’s crude exports and refined fuel imports for domestic distribution. Perez had worked at Pemex since the 1990s but left the company in 2020 to become a consultant. She returned in October 2024 as the head of PMI following the inauguration of President Claudia Sheinbaum.
Perez and her former team had deep experience in energy trading, according to market sources. The shift to Garcia, a finance ministry director and economist, would be a marked change.
By Cas Biekmann
