Matt Levine, Columnist

Maybe Citgo Has a New Board of Directors

The refiner's decision to ignore Nicolás Maduro and go along with Juan Guaidó's new board is pretty spectacular.

February 8, 2019 at 12:00 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

Replacing the old bosses with a new board.
Photographer: FEDERICO PARRA/AFP

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This post originally appeared in Money Stuff.

How’s it going at Citgo Petroleum Corp., the U.S. subsidiary of Venezuelan state-owned oil company, Petróleos de Venezuela SA.