The new CEO of Venezuelan state-run PDVSA is targeting endemic corruption at the financially troubled oil company while hoping to win over its 95,000 workers, a move critical to securing much needed cash for the country, home to the world's largest crude reserves.
PDVSA, the oil ministry and Pequiven did not reply to requests for comment. Tellechea's spokesperson did not reply to an interview request.Tellechea, who understands the importance of employee support after years of work for Venezuela's state companies, has promised to use cash from reinstated supply contracts to improve workers' living conditions.
"Tellechea has transformed Pequiven," a PDVSA worker who requested anonymity said. "They don't line up for food as we do, have good quality uniforms and a corporate image that we have long forgotten." Another businessman negotiating with Tellechea in PDVSA said his new executives are less confrontational and more open to drafting joint plans rather than issuing commands.
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