Between 1999 and 2001, Emilio Lozoya worked as an analyst at the Central Bank of Mexico, being responsible for investing international reserves. Lozoya was also a Board Member of several corporations and enterprises related with infrastructure, finance, and IT sectors. Starting in 2003 until 2006, he served as an Investment Officer for Structure Finance and Distressed Assets at the Inter-American Investment Corporation within the Inter-American Development Bank, where he interacted with different Latin American industries and countries. Also, from 2006 up to 2009, he worked at the World Economic Forum as Senior Director for Latin America, where he was in charge of research and strategies related to the forum and was the liaison between leaders and stakeholders in the region. Between 2009 and 2012, Lozoya co-founded and was an Executive Board Member of different investment funds, specialized on international private capital investments, including restructuring and international transactions. From January to November 2012, he headed the International Affairs Office during the campaign, as well as at the Transition Team of now President Enrique Peña Nieto.
Pemex
From December 2012 to February 2016, he was appointed CEO of the Mexican state-owned oil company Petróleos Mexicanos by President Enrique Peña Nieto. In 2017, he was immersed in the Odebrecht bribery scandal that hit several politicians and ministers across Latin America. In particular a direct accusation of alleged bribery payments of more than 10 million dollars between 2010 and 2014 was made against Emilio Lozoya by Luis Alberto de Meneses Weyll, director of Odebrecht in México at the time of the alleged bribes. He categorically refutes all claims.
Corruption
In July 2019, Lozoya was accused of taking $10m in bribes from Brazilian construction giant Odebrecht who claim to have paid off politicians in Latin America. Mr. Lozoya's wife, sister, and mother are implicated in the same corruption case. For the second time, in July 2019, a judge ordered the detention of Lozoya Austin, in relation to the Odebrecht scandal. Lozoya's was detained by Spanish police in Málaga, Spain in February 2020 and was extradited to Mexico on July 17, 2020. Upon his return to Mexico, Lozoya was hospitalized for anemia and problems with his esophagus; later, he had a hernia operation. On July 21, President López Obrador said that Lozoya would be given witness protection because his testimony could help "clean" Mexico of corruption, and that he would support a sentence reduction if Lozoya's testimony proved useful. The president said, Nosotros queremos recuperar el dinero and pointed out that the US$200 million was involved in the sale of a fertilizer plant. According to Reforma, Lozoya Austin has testified to bribes amounting to MXN $52,380,000 given to legislators and members of PAN, including Ricardo Anaya, Ernesto Cordero Arroyo, Salvador Vega Casillas, Francisco Domínguez Servién, Francisco García Cabeza de Vaca and José Luis Lavalle Maury. The bribes were allegedly orchestrated by Luis Videgaray in 2013 and 2014 in exchange for support of energy reform legislation. Anaya and PAN deny the accusations. The newspaper Reforma says that Brazilian businessman Luis Alberto Meneses Weyll paid Lozoya US $10 million for Peña Nieto's presidential campaign on behalf of Odebrecht in a transaction that took place at a bakery in Lomas de Chapultepec, Miguel Hidalgo, Mexico City.
Awards and recognition
Energy Intelligence announced that Emilio Lozoya Austin, CEO of Petróleos Mexicanos, earned the distinction of his peers as “Petroleum Executive of the Year.” The 2014 award, as selected by top global industry executives. Energy Intelligence jointly convenes Oil & Money with the International New York Times.
Among the most influential Hispano younger than 40 at the list of Poder magazine
Hemispheric Ambassador by the American Business Council Foundation
Among the 100 most influential Mexicans by Poder magazine.
Among the top thirty Mexican leaders in his 30s by Expansion magazine
Family
He is the son of Emilio Lozoya Thalmann, who headed the ISSSTE and was appointed Secretary of Energy during President Carlos Salinas de Gortari's administration. His grandfather was Jesús Lozoya Solís, a pediatric surgeon, politician, general in the Mexican Army, and businessman. Emilio is married and has three children.
