Beatriz Fung resumes leadership at Petroperú amid financial crisis.

In a significant turn within the leadership structure of Petroperú, the company's Board of Directors has decided to appoint Beatriz Cristina Fung Quiñones as the new general manager, effective August 1, 2024. This announcement has been formalized through resolution SMV 005-2014-SMV/01, which details Board Agreement number 083-2024-PP. Fung returns to a position she has held twice before, making this her third term at the helm of the state-owned oil company. Beatriz Fung replaces Luis Antonio Gonzales Talledo, who had led the company since March 8 of this year. This change in Petroperú's leadership comes at a challenging time for the organization, which has accumulated losses exceeding 1.5 billion dollars as of June this year. The new general manager faces the difficult task of stabilizing the company's finances and steering it back on course in a sector that is under constant pressure for various economic and political reasons. Fung Quiñones is no stranger to leadership in the oil industry. Her professional career, spanning over 20 years, is marked by her experience in crucial areas such as strategic planning, budget management, and risk management in the hydrocarbons sector. This extensive knowledge of the industry positions her as a key figure to tackle the challenges currently facing Petroperú. A notable aspect of her career is that in April 2022, Fung was the first woman to be appointed as the general manager of Petroperú, albeit in an interim capacity at that time. Her presence at the top of the company not only represents progress in terms of gender within the sector but also an opportunity to implement a renewed approach to resource management and strategic decision-making. Fung Quiñones's academic background reinforces her suitability for this role. She is a licensed public accountant and holds a Master's degree in Administration with a concentration in Finance from the prestigious ESAN University. This combination of financial knowledge and industry experience provides a solid foundation to address the economic challenges facing Petroperú. Throughout her career in the company, Fung has also served as the corporate manager of Planning, Management, and Risks, which has allowed her to gain a deep understanding of the internal and external operations affecting the oil company. Her return to the role of general manager is interpreted as a strategic decision by the Board, seeking stability and continuity in the company's leadership. However, the task ahead for Fung will not be easy. Petroperú's financial situation has been subject to criticism and analysis from experts and analysts, who warn of the need to implement effective measures to reverse the loss situation. The focus on operational efficiency and resource optimization will be fundamental during her management. Additionally, the context of political and economic uncertainty in the country adds an extra layer of complexity to her new mandate. The oil industry in Peru has faced significant challenges, from fluctuations in oil prices to operational issues arising from regulation and the management of natural resources. In this sense, Fung will need to be astute in her decision-making, seeking not only to improve the financial situation but also to navigate a changing environment. Finally, the community and the business sector will be watching closely the steps that Beatriz Fung takes in this new phase at Petroperú. Her leadership and vision will be crucial for restoring confidence in the company, as well as for contributing to the recovery of an industry that is vital for the Peruvian economy. Her success could set a precedent for future generations of leaders in the sector, especially for those women seeking to carve out a path in a field historically dominated by men.