Citgo Chairman Ousted After Less Than a Year in Job (1)

Citgo Petroleum Corp., the U.S. oil refiner controlled by the Venezuelan opposition, ousted chairman Luis Giusti Lugo less than a year after appointing him.

Giusti, a 24-year veteran of the oil industry, was dismissed Friday by the board of parent company Citgo Holding Inc., according to people familiar with the matter who asked not to be identified because the decision isn’t public. The reasons for his removal weren’t immediately clear. His biographical page on the company’s website has been removed.

Citgo confirmed that Giusti is no longer a member of the board of directors.

Giusti was appointed chairman ...