Customer Logins

Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.

Customer Logins

My Logins

All Customer Logins
S&P Global S&P Global Marketplace
Explore S&P Global

  • S&P Global
  • S&P Dow Jones Indices
  • S&P Global Market Intelligence
  • S&P Global Mobility
  • S&P Global Commodity Insights
  • S&P Global Ratings
  • S&P Global Sustainable1
Close
Discover more about S&P Global’s offerings
Investor Relations
  • Investor Relations Overview
  • Investor Presentations
  • Investor Fact Book
  • News Releases
  • Quarterly Earnings
  • SEC Filings & Reports
  • Executive Committee
  • Corporate Governance
  • Merger Information
  • Stock & Dividends
  • Shareholder Services
  • Contact Investor Relations
Languages
  • English
  • 中文
  • 日本語
  • 한국어
  • Português
  • Español
  • ไทย
About
  • About Us
  • Contact Us
  • Email Subscription Center
  • Media Center
  • Glossary
Product Login
S&P Global S&P Global Market Intelligence Market Intelligence
  • Who We Serve
  • Solutions
  • News & Insights
  • Events
  • Product Login
  • Request Follow Up
  •  
    • Academia
    • Commercial Banking
    • Corporations
     
    • Government & Regulatory Agencies
    • Insurance
    • Investment & Global Banking
     
    • Investment Management
    • Private Equity
    • Professional Services
  • WORKFLOW SOLUTIONS
    • Capital Formation
    • Credit & Risk Solutions
    • Data & Distribution
    • Economics & Country Risk
    • Sustainability
    • Financial Technology
     
    • Issuer & IR Solutions
    • Lending Solutions
    • Post-Trade Processing
    • Private Markets
    • Risk, Compliance, & Reporting
    • Supply Chain
    PRODUCTS
    • S&P Capital IQ Pro
    • S&P Global Marketplace
    • China Credit Analytics
    • Climate Credit Analytics
    • Credit Analytics
    • RatingsDirect ®
    • RatingsXpress ®
    • 451 Research
    See More S&P Global Solutions
     
    • Capital Access
    • Corporate Actions
    • KY3P ®
    • EDM
    • PMI™
    • BD Corporate
    • Bond Pricing
    • ChartIQ
  • CONTENT
    • Latest Headlines
    • Special Features
    • Blog
    • Research
    • Videos
    • Infographics
    • Newsletters
    • Client Case Studies
    PODCASTS
    • The Decisive
    • IR in Focus
    • Masters of Risk
    • MediaTalk
    • Next in Tech
    • The Pipeline: M&A and IPO Insights
    • Private Markets 360°
    • Street Talk
    SEE ALL EPISODES
    SECTOR-SPECIFIC INSIGHTS
    • Differentiated Data
    • Banking & Insurance
    • Energy
    • Maritime, Trade, & Supply Chain
    • Metals & Mining
    • Technology, Media, & Telecoms
    • Investment Research
    • Sector Coverage
    • Consulting & Advisory Services
    More ways we can help
    NEWS & RESEARCH TOPICS
    • Credit & Risk
    • Economics & Country Risk
    • Financial Services
    • Generative AI
    • Maritime & Trade
    • M&A
    • Private Markets
    • Sustainability & Climate
    • Technology
    See More
    • All Events
    • In-Person
    • Webinars
    • Webinar Replays
    Featured Events
    Webinar2024 Trends in Data Visualization & Analytics
    • 10/17/2024
    • Live, Online
    • 11:00 AM - 12:00 PM EDT
    In PersonInteract New York 2024
    • 10/15/2024
    • Center415, 415 5th Avenue, New York, NY
    • 10:00 -17:00 CEST
    In PersonDatacenter and Energy Innovation Summit 2024
    • 10/30/2024
    • Convene Hamilton Square, 600 14th St NW, Washington, DC 20005, US
    • 7:30 AM - 5:00 PM ET
  • PLATFORMS
    • S&P Capital IQ Pro
    • S&P Capital IQ
    • S&P Global China Credit Analytics
    • S&P Global Marketplace
    OTHER PRODUCTS
    • Credit Analytics
    • Panjiva
    • Money Market Directories
     
    • Research Online
    • 451 Research
    • RatingsDirect®
    See All Product Logins
Same-Day Analysis

President Names Controversial Figure to Venezuelan Vice-Presidency

Published: 04 January 2007
President Hugo Chavez has made the first rearrangements in the composition of his governmental team, all set to work on deepening the social and economic transformation of the country initiated when he first took office in 1999, by naming a new controversial vice-president and a new Interior and Justice minister.

Global Insight Perspective

 

Significance

Just a few weeks after his landslide re-election triumph, President Hugo Chavez has conducted the first preliminary modifications to his Cabinet, naming a new vice-president and a new Interior and Justice minister.

Implications

The minor shuffle, expected to be followed by other changes, sees the replacement of presidential right-hand men with essentially more of the same.

Outlook

The ministerial changes, part of a traditional post-electoral manoeuvre, also fall within the goal of giving new impetus to the governmental team in the furthering of President Chavez’s "Socialism of the 21st Century" in the looming 2007-2013 term.

President Hugo Chavez yesterday carried out his first ministerial changes ahead of his formal investiture for the 2007-2013 term. In a telephone interview broadcast on the "Contragolpe" (counter-coup) programme of the state-owned Venezolana de Televisión channel, Chavez revealed that Vice-President Vicente Rangel, a staunch vocal ally, will be replaced by Jorge Rodriguez, while legislator Pedro Carreño will take over from Jesse Chacon as the Interior and Justice Minister. The president also confirmed that Rafael Ramírez will remain both the head of the state-run oil company PDVSA and Energy Minister. He also warned of other modifications to his Cabinet that will take place prior to 10 January, the date on which he will once again be sworn in as the country’s president in front of the National Assembly (AN). Rangel and Chacon will also likely be assigned new posts in the very short term.

New Post, Old Faces and Other Right-Hand Men

Exiting vice-president José Vicente Rangel has been a constant element in Chavez’s government since 1999, switching from key post to key post: Foreign Affairs, Defence Ministry, and ultimately Vice-Presidency. He has been vehement and vocal in his defence of the Chavez governments and the Bolivarian Revolution. His departure is surprising, given his closeness to the leader. Chavez himself in the interview stressed the tricky nature of the decision. However, it is not out of the question that that the 76-year-old will be assigned to a new post where his expertise and loyalty will be needed. His replacement, Jorge Rodriguez, is also a close ally of Chavez's. He is known in Venezuela for his work as president of the National Electoral Council (CNE). In particular he managed the heated recall referendum and the 2005 legislative election that was boycotted by the opposition. Under his leadership, the CNE was the target of major criticism from the opposition, who saw it as being pliable to Chavez's will. In the opposition's eyes, Rodriguez was seen in many ways as partly embodying the CNE's failings (see Venezuela: 29 March 2006: Election 2006: CNE President Resigns to Avoid Another Boycotted Vote in Venezuela). Rodriguez's allegiance to Chavez cannot be questioned. The president expressed confidence in the commitment of the new vice-president to helping in the challenges set for 2007-2013, such as the reduction of corruption and the streamlining of bureaucracy.

Changes in the leadership of the Interior and Justice Ministry will see one right-hand man replace another. Military man Jesse Chacon is to be replaced by a legislator for Chavez’s Movement of the Fifth Republic (MVR). Pedro Carreño has previously held the vice-presidency of the AN and other leading commissions.

Outlook and Implications

By removing Chacon from the Interior and Justice Ministry, Chavez is certainly trying to breathe new life into the portfolio. High-profile tragic events punctuated the security landscape under Chacon’s management (see Venezuela: 3 January 2007: Gang Infighting Shakes Venezuelan Jail and Venezuela: 6 April 2006: Security Reform Announced in Venezuela, Sparked by High-Profile Murder Cases). While Chavez’s regime has not translated into a critical deterioration of general public security in the country, it has definitely failed to improve a strikingly insecure backdrop. Carreño will face the difficult task of living up to great popular expectation in the arena. Rangel’s surprise exit from the vice-presidency could well be followed by an appointment to another pivotal position. In any case the politician will remain close to Chavez’s political circle, and the strong ties between the two will not be affected by the reshuffle. Rodriguez’s rise to the vice-presidency is set to ignite criticisms from the opposition and herald possible complicated interaction with it, due to their thorny relations in the past.

Related Content
  • Country Intelligence
{"items" : [ {"name":"share","enabled":true,"desc":"<strong>Share</strong>","mobdesc":"Share","options":[ {"name":"facebook","url":"https://www.facebook.com/sharer.php?u=http%3a%2f%2fwww.spglobal.com%2fmarketintelligence%2fen%2fmi%2fcountry-industry-forecasting.html%3fid%3d106598543","enabled":true},{"name":"twitter","url":"https://twitter.com/intent/tweet?url=http%3a%2f%2fwww.spglobal.com%2fmarketintelligence%2fen%2fmi%2fcountry-industry-forecasting.html%3fid%3d106598543&text=+President+Names+Controversial+Figure+to+Venezuelan+Vice-Presidency","enabled":true},{"name":"linkedin","url":"https://www.linkedin.com/sharing/share-offsite/?url=http%3a%2f%2fwww.spglobal.com%2fmarketintelligence%2fen%2fmi%2fcountry-industry-forecasting.html%3fid%3d106598543","enabled":true},{"name":"email","url":"?subject= President Names Controversial Figure to Venezuelan Vice-Presidency&body=http%3a%2f%2fwww.spglobal.com%2fmarketintelligence%2fen%2fmi%2fcountry-industry-forecasting.html%3fid%3d106598543","enabled":true},{"name":"whatsapp","url":"https://api.whatsapp.com/send?text=+President+Names+Controversial+Figure+to+Venezuelan+Vice-Presidency http%3a%2f%2fwww.spglobal.com%2fmarketintelligence%2fen%2fmi%2fcountry-industry-forecasting.html%3fid%3d106598543","enabled":true}]}, {"name":"rtt","enabled":true,"mobdesc":"Top"} ]}
Filter Sort
  • About S&P Global Market Intelligence
  • Quality Program
  • Email Subscription Center
  • Media Center
  • Our Values
  • Investor Relations
  • Contact Customer Care & Sales
  • Careers
  • Our History
  • News Releases
  • Support by Division
  • Corporate Responsibility
  • Ventures
  • Quarterly Earnings
  • Report an Ethics Concern
  • Leadership
  • Press
  • SEC Filings & Reports
  • Office Locations
  • IOSCO ESG Rating & Data Product Statements
  • © 2025 S&P Global
  • Terms of Use
  • Cookie Notice
  • Privacy Policy
  • Disclosures
  • Do Not Sell My Personal Information