Mauricio García Araujo (7 July 1930 – 19 December 2012) was a Venezuelan economist who worked in both the private and public sectors. He was the president of the

Central Bank of Venezuela The Central Bank of Venezuela (, BCV) is the central bank of Venezuela. It is responsible for issuing and maintaining the value of the Venezuelan bolívar and is the governing agent of the Venezuelan Clearing House System (including an automate ...

between 1987 and 1989 during the presidency of Jaime Lusinchi (1984-1989).

Early life and education

García Araujo was born on 7 July 1930 in

Maracaibo Maracaibo ( , ; ) is a city and municipality in northwestern Venezuela, on the western shore of the strait that connects Lake Maracaibo to the Gulf of Venezuela. It is the largest city in Venezuela and is List of cities in Venezuela by population ...

Venezuela Venezuela, officially the Bolivarian Republic of Venezuela, is a country on the northern coast of South America, consisting of a continental landmass and many Federal Dependencies of Venezuela, islands and islets in the Caribbean Sea. It com ...

. In 1953, he obtained a bachelor's degree in economics and a master's in business administration, both from

Columbia University Columbia University in the City of New York, commonly referred to as Columbia University, is a Private university, private Ivy League research university in New York City. Established in 1754 as King's College on the grounds of Trinity Churc ...

Public service

García Araujo was part of Central Bank of Venezuela board of directors between 1968 and 1974. After thirteen years, he was elected president of Central Bank of Venezuela (1987-1989). He was also a member of the board of directos of Petróleos de Venezuela, S.A (PDVSA) and Corporación Venezolana de Guayana (CVG).

Private sector

García Araujo was a consultant for many boards of directors in different Venezuelan holding companies, such as Grupo Vollmer, Grupo Mendoza, Grupo Mercantil and as economical adviser to Hospital de Clinicas Caracas and

Electricidad de Caracas Electricidad de Caracas ( BVCEDC is the integrated electricity company for Caracas, Venezuela and surrounding areas, with more than 1 million connections. It was acquired by AES Corporation in 2000 and sold to the state-owned oil company PDVSA ...

, an electricity distribution company. In 2007, Electricidad de Caracas became a government-owned company. After 1990, Garcia Araujo was known as an expert advising

family business A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by Consanguinity , blood, marriage or adoption, who has both the ability to influence the vision of the business a ...

organizations in Venezuela. He gave

conferences within Venezuela and internationally.

Guild

García Araujo was president of Asociación Venezolana de Ejecutivos (AVE) between 1966 and 1968, and a founding and active member of the

corporate governance Corporate governance refers to the mechanisms, processes, practices, and relations by which corporations are controlled and operated by their boards of directors, managers, shareholders, and stakeholders. Definitions "Corporate governance" may ...

committee in the same institution. AVE is an institution that promotes training and education for Venezuelan managers.

Academic institutions

In 1961, he was a founding member of Institute of Advanced Studies in Administration (IESA) in

Caracas Caracas ( , ), officially Santiago de León de Caracas (CCS), is the capital and largest city of Venezuela, and the center of the Metropolitan Region of Caracas (or Greater Caracas). Caracas is located along the Guaire River in the northern p ...

. He was a professor at Universidad Rafael Urdaneta in

and the founder of Andrés Bello Fellowship at

Oxford University The University of Oxford is a collegiate research university in Oxford, England. There is evidence of teaching as early as 1096, making it the oldest university in the English-speaking world and the second-oldest continuously operating u ...

Works

* * * Mauricio García Araujo, ''The impact of petrodollars on the economy and the public sector of Venezuela'', Latin American Studies Association, National Meeting, 1982. * *

References

{{DEFAULTSORT:Araujo, Mauricio Garcia 1930 births 2012 deaths Presidents of the Central Bank of Venezuela Columbia Business School alumni 20th-century Venezuelan economists