Pemex Approves Creation of Centralized Procurement Division and Names PPI President, Arturo Henríquez Autrey, as Chief Procurement Officer

Houston, TX, February 11, 2014 --(PR.com)-- On January 17th the Board of Directors of Petróleos Mexicanos (Pemex) approved the creation of a centralized procurment division, Dirección Corporativa de Procura y Abastecimiento (DCPA). This new division will centralize all purchases of goods, services, leases and public works for all of Pemex. The objective of DCPA is to improve purchasing power and efficiency through the development of standardized, streamlined, timely and more transparent processes. DCPA will comprise of personnel from Corporate Operations and the four subsidiaries of Pemex.

The formation of DCPA is an innovative approach to moving Pemex towards the centralization and integration of their supply chain under leadership at the corporate level. This standardized method will be aimed at generating value, aligning Pemex strategic objectives with a culture of assessment to expedite decision making and enable continuous improvement of the business model. It will also increase competitiveness by utilizing new contracting methods and facilitating integrated partnerships of suppliers and contractors. Strategic sourcing will be the axis of the transformation, as it will be carried out by multidisciplinary teams responsible for managing the budget based on business objectives.

Previously, each subsidiary and Coporate Operations of Pemex were responsible for their own acquisitions. With this new model, DCPA will assume all those responsibilities and conduct market research, integrate the requirements and then execute the procurement process at the request of users. The intention is to develop a new purchasing philosophy by strategically sourcing through category management, while emulating the best practices and trends found in the international petroleum industry.

This change follows a model that has been successfully implemented by international corporations such as IBM, Volkswagen, Volvo, Exxon Mobil, Statoil, Shell, Kraft Foods, Ecopetrol and Kuwait Petroleum.

Arturo Henriquez Autrey to Head New Centralized Procurement Division

In a special meeting, the Board of Directors of Pemex approved the appointment of Arturo Henriquez Autrey as the Chief Procurement Officer to head up the newly formed centralized procurement division (DCPA).

Mr. Henriquez, holds a degree in Economics from Boston University and a Masters Degree in Business Administration (MBA) from the Northwestern University Kellogg Graduate School of Management. In addition, he holds two Masters Degrees, one in International Relations and one in Communications, from the University of Boston.

As an entrepreneur, Mr. Henriquez successfully created and managed multinational logistics, marketing and real estate companies. In the corporate setting, Mr. Henriquez worked in prestigious international companies such as Goldman Sachs and KPMG, and was Finance Director and served on the Board of Directors of Maxim Oil and Gas Inc. Since 2012, Mr. Henriquez has served as the CEO of Pemex Procurement International (PPI) and as a member of the Board of Directors of Repsol.

Visit www.pemexprocurement.com for more information.