Even though these roles were established by the 2008 Energy Reform, the boundaries between each entity are not clearly defined, particularly because…

Analysis
After the 2012 election, the only major change was the appointment of a new CEO.
As independent board members we are on the margins of the debate, letting our opinions be heard, but not necessarily being listened to.

Analysis
Pemex is state-owned, and therefore the Mexican government is able to choose who will hold crucial positions in Pemex’s management team.