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CEO of Argentina’s Biggest Oil Company Resigns

Ricardo Darre, chief executive officer of YPF SA, has resigned as Argentina’s largest oil producer prepares to sell at least $1 billion in assets and focus on developing the world’s second-biggest reserve of shale gas.

A six-person committee will lead the company after Darre resigned, according to a filing by YPF on Monday. Darre didn’t immediately respond to a call seeking comment. Alejandro Bianchi, a spokesman for the Energy Ministry, declined to comment by phone. EconoJournal, a local website focused on energy, reported the resignation earlier.

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