Carlos Alberto Treviño Medina will be the new CEO of PEMEX as previous CEO José Antonio Anaya is shifted to the Ministry of Finance in a cabinet reshuffle by the Peña Nieto administration. Anaya’s move is to fill the gap left by José Antonio Meade who is leaving the Ministry of Finance and is pre-candidate for the Partido Revolucionario Institucional (PRI) in Mexico’s 2018 presidential elections.
Anaya’s directorship was characterized by the launch of PEMEX’s 2017-2021 business plan with a focus on the upstream as the NOC’s core business, a financial restructuring emphasizing austerity through a budget adjustment representing 20 percent of company’s budget and the reduction of senior management by 40 percent. Formulated in the midst of a deep slump in oil prices the business plan emphasized profitability as the company streamlined loss-making activities such as its refinery system.
Treviño Medina served as PEMEX’ Director of Administration and Services from February 2016, when he followed José Antonio Anaya from the Instituto Mexicano de Seguridad Social (IMSS), where Anaya was director and Treviño Medina was director of finance. Treviño Medina held the same position in PEMEX between 2011 and 2013, where one of his principal tasks was negotiating with the worker’s union.
The incoming PEMEX director advanced in public administration in the administration of Vicente Fox, becoming chief administrative officer of the Ministry of Energy in 2005. He holds a master’s degree in business administration from the Instituto Tecnológico de Estudios Superiores de Monterrey (ITESM).