La Cortez Names Llano to Company Board
La Cortez Energy, Inc.
|Tuesday, July 01, 2008
La Cortez Energy, Inc. has appointed Jaime Ruiz Llano to the Company’s Board of Directors.
Jaime Ruiz Llano has been involved in government affairs in Colombia for the past 20 years. Ruiz has held various high-level government positions throughout his career. In 1991, Ruiz was elected as a Senator in the Colombian Congress. He served in that capacity until 1994. From 1998 to 1999, Ruiz held the position of Director for the Colombian National Planning Department, the government entity controlling the national budgeting and government planning strategies; in 1999 he served as Special Presidential Advisor for Government Affairs to the President of Colombia.
From 2000 to 2002, Ruiz served as Executive Director - Member of the Board of Directors of the World Bank. The Executive Directors oversee the World Bank's business, including approval of loans and guarantees, new policies, the administrative budget, country assistance strategies and borrowing and financial decisions.
In 2006, Ruiz served as Deputy Chief of Mission in the Colombian embassy in Washington, D.C. During the periods when he was not serving in the Colombian government, Ruiz held the position of President of his family-owned construction business. Additionally, Ruiz has served on the Board of Directors of Ecopetrol, Colombia’s state-run oil company.
"I am very pleased to announce the appointment of Jaime Ruiz as a member of our Board of Directors of La Cortez Energy, Inc. The objective of our company is to develop a substantial E&P company in South America, with an initial focus in Colombia and Peru. Mr. Ruiz is a key addition to our Board of Directors. The knowledge and relations that Mr. Ruiz brings to our company will be a valuable asset in the execution of La Cortez's corporate strategy. We anticipate that his knowledge and expertise in government agencies, business and the energy industry will contribute to position La Cortez Energy as a significant E&P growth company in South America," said President and CEO Andres Gutierrez.