Petroperú corporate governance and leadership changes

Petroperú has initiated a significant governance and leadership overhaul. On 5 August 2026, the company’s board approved a new corporate structure designed to strengthen internal controls, risk management, and regulatory compliance. This restructuring included the creation of an Internal Audit Management unit, a Risk Management unit, and a Head of Anti-Money-Laundering and Terrorist Financing. Additionally, a Special Purpose Vehicle was established to secure domestic and international financing for operational continuity.

On 7 August 2026, the shareholders’ general meeting appointed Oliver Thomas Alexander Stark Preuss as president of the board, replacing previous leadership. New directors appointed include César Burga Rivera, Daniel Cabrera Ortega, and Víctor Andrés Belaúnde Gutiérrez, while Carlos Adrián Linares Peñaloza and worker representative Néstor Herrera Guerrero remain on the board. To bolster operational and commercial management, Luis Alberto Suárez Carlo was appointed acting general manager, effective 15 August 2026.

Controversy emerged regarding Stark’s external affiliations, specifically his role as a board member of the gold processing company La Joya Mining. It was noted that La Joya Mining had not yet informed the Superintendency of the Securities Market (SMV) whether Stark had resigned from his position at the mining firm.

By late August, the new leadership began engaging with external stakeholders. On 26 August 2026, Stark, alongside Vice President Carlos Linares and General Manager Luis Suárez, led a conference call to present second-quarter results to investors, creditors, and analysts. Stark stated the board’s objective is to transform the company into a “more solid, predictable, and sustainable entity” by focusing on financial strengthening, operational optimization, and transparency to recover market confidence.