Argentina’s YPF Said to Name Total’s Ricardo Darre New CEO

YPF SA, Argentina’s state-controlled oil company, has named Total SA managing director Ricardo Darre as chief executive officer, a person familiar with the decision said.

Darre, the head of the U.S. exploration and production unit since August 2014 at France’s largest oil company, was selected for the role, said the person, who asked not to be identified because the matter isn’t public. The announcement is expected in a YPF statement later Monday.

Darre joined Total in 1987 and held assignments in Norway, Thailand, Argentina, Russia and France, according to a biography description for an event by the International Association of Oil and Gas Producers.

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