Juan Romero will replace José Antonio Correa, who has retired, the company informed Reuters. The news had not been previously reported.
Repsol aims to expand its commercial division as part of its broader strategy to transition from a traditional oil and gas company to a multi-energy enterprise, a shift that also comes as it considers a reverse merger for its exploration and production portfolio.
Romero has worked at Repsol for 16 years, according to his LinkedIn profile, marketing crude oil and fuels in Madrid and Houston.
Other executives in the oil trading division will take on new roles as a result of the change, Repsol said.
Fernando Gomis will succeed Romero as global director of crude and products trading, while Iñaki Mateo will assume Gomis's current role as global director of heavy products and bunker. Carolina Franco will become global director of middle distillates, the position vacated by Mateo.
(Reporting by Robert Harvey in London and Pietro Lombardi in Madrid; editing by Lisa Shumaker; Spanish edition by María Bayarri Cárdenas)
