Change of managing director at Wintershall Energia
KASSELL and BUENOS AIRES -- Change of Managing Director at Wintershall in Argentina: After 29 years in Wintershall, having held various positions in Wintershall Holding and Wintershall Energía, Gustavo Albrecht, managing director of Wintershall Energía S.A. for the last 9 years, will be leaving the company on Feb. 28, 2019. Mariano Cancelo, head of joint ventures & austral assets at Wintershall Energía, will temporarily take over the management of the business. Cancelo has held various positions at Wintershall Holding and Wintershall Energía over the last 23 years. This provisional situation applies from March 1, 2019. A new managing director in Argentina is expected to be appointed after the closing of the upcoming merger between Wintershall and DEA Deutsche Erdöl AG. The transaction is expected to be closed in the first half of 2019, subject to regulatory approvals.
As Germany's largest independent gas and oil producer, Wintershall has been successfully involved in Argentina for over 40 years. The company produces hydrocarbons, especially natural gas, and is the country's fourth-largest gas producer. Activities are focused on the provinces of Neuquén and Mendoza and in the south off the coast of Tierra del Fuego. The wholly owned subsidiary Wintershall Energía S.A currently has interests in a total of 15 oil and gas fields and produces around 26 MMboe.
