IBOV 173,295 ▲ 0.76% IPSA 10,762 ▲ 0.52% IPC MEX 67,226 ▼ 0.28% MERVAL 3,123,411 ▲ 0.88% COLCAP 2,286.19 ▲ 1.09% BVL PERÚ 55,499.07 ▲ 1.21% USD/BRL 5.17 — 0.00% USD/MXN17.49▼ 0.15% USD/CLP 921.85 — 0.00% USD/COP 3,451 — 0.00% USD/PEN3.41▼ 0.46% USD/ARS1,477▼ 0.03% USD/UYU 40.22 — 0.00% USD/PYG 6,084 — 0.00% USD/BOB 6.85 — 0.00% USD/DOP 59.28 — 0.00% USD/CRC 450.59 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.70 — 0.00% USD/NIO 36.62 — 0.00% USD/VES620.66▲ 5.79% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD156.59▼ 0.04% USD/TTD6.74— 0.00% EUR/BRL5.89▲ 0.15% BRENT 73.29 ▲ 1.81% WTI 70.13 ▲ 1.30% IRON ORE 161.91 — — COPPER 6.18 ▲ 0.68% GOLD 4,064 ▼ 0.37% SILVER 58.48 ▼ 1.25% SOY 1,147 ▲ 1.86% CORN 434.50 ▲ 5.27% WHEAT 586.75 ▲ 1.47% COFFEE 260.80 ▼ 9.05% SUGAR 14.49 ▲ 3.65% ORANGE JUICE 148.60 ▲ 11.44% COTTON 77.33 ▲ 7.91% COCOA 5,057 ▲ 0.86% BEEF 245.83 ▼ 4.50% CATTLE 369.85 ▼ 0.92% LITHIUM 75.93 ▼ 3.21% PETR4 38.06 ▼ 1.01% VALE3 78.15 ▼ 0.65% ITUB4 42.24 ▲ 1.30% BBDC4 17.92 ▲ 1.70% ABEV3 16.73 ▲ 2.07% BBAS3 20.34 ▲ 1.45% B3SA3 14.92 ▲ 2.12% WEGE3 46.90 ▲ 0.86% PRIO3 53.29 ▼ 1.21% SUZB3 40.11 ▼ 4.50% RENT3 43.10 ▲ 1.77% AZZA3 18.99 ▼ 4.09% CSAN3 3.76 ▲ 1.35% RAIZ4 0.41 ▼ 2.38% PCAR3 2.28 ▲ 0.89% GMAT3 3.87 ▲ 1.04% PSSA3 53.26 ▲ 1.25% CVCB3 1.41 ▼ 0.70% POSI3 3.99 ▲ 1.53% SLCE3 13.17 ▼ 0.98% NATU3 7.98 ▲ 2.05% BRKM5 6.25 ▼ 8.36% RANI3 7.80 ▲ 0.39% CSNA3 4.73 ▼ 1.87% CMIN3 4.25 ▲ 0.24% USIM5 8.27 ▼ 2.71% GGBR4 21.42 ▼ 0.09% ENEV3 26.81 ▲ 2.64% NEOE3 33.80 — 0.00% CPFE3 45.50 ▲ 0.84% CMIG4 10.96 ▲ 1.58% EQTL3 39.75 ▲ 1.79% LREN3 14.97 ▲ 3.10% VIVT3 34.79 ▲ 0.64% RAIL3 13.69 ▲ 1.78% KLABIN 16.96 ▼ 0.53% RAIA DROGASIL 17.35 ▲ 0.87% RDOR3 34.71 ▲ 1.00% HAPV3 10.24 ▲ 1.19% FLRY3 15.61 ▲ 1.04% SMTO3 15.04 ▲ 2.24% UGPA3 25.60 ▲ 1.39% VBBR3 29.69 ▲ 1.78% BBSE3 39.17 ▲ 0.77% BPAC11 54.66 ▲ 0.66% CURY3 35.11 ▲ 1.15% AERI3 2.08 ▲ 0.48% VIVARA 23.54 ▲ 1.99% COMPASS 24.94 ▼ 2.35% VAMOS 2.88 ▲ 2.13% SANB11 26.35 ▲ 0.57% ASAI3 8.83 ▲ 2.56% SBSP3 29.60 ▲ 2.42% WALMEX 50.86 ▼ 0.51% 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0.00% USD/MXN 17.49 ▼ 0.15% USD/CLP 921.85 — 0.00% USD/COP 3,451 — 0.00% USD/PEN 3.41 ▼ 0.46% USD/ARS 1,477 ▼ 0.03% USD/UYU 40.22 — 0.00% USD/PYG 6,084 — 0.00% USD/BOB 6.85 — 0.00% USD/DOP 59.28 — 0.00% USD/CRC 450.59 — 0.00% USD/GTQ 7.62 — 0.00% USD/HNL 26.70 — 0.00% USD/NIO 36.62 — 0.00% USD/VES 620.66 ▲ 5.79% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 156.59 ▲ 0.62% USD/TTD 6.74 ▲ 1.49% EUR/BRL 5.89 ▲ 0.15% BRENT 73.29 ▲ 1.81% WTI 70.13 ▲ 1.30% IRON ORE 161.91 — — COPPER 6.18 ▲ 0.68% GOLD 4,064 ▼ 0.37% SILVER 58.48 ▼ 1.25% SOY 1,147 ▲ 1.86% CORN 434.50 ▲ 5.27% WHEAT 586.75 ▲ 1.47% COFFEE 260.80 ▼ 9.05% SUGAR 14.49 ▲ 3.65% ORANGE JUICE 148.60 ▲ 11.44% COTTON 77.33 ▲ 7.91% COCOA 5,057 ▲ 0.86% BEEF 245.83 ▼ 4.50% CATTLE 369.85 ▼ 0.92% LITHIUM 75.93 ▼ 3.21% PETR4 38.06 ▼ 1.01% VALE3 78.15 ▼ 0.65% ITUB4 42.24 ▲ 1.30% BBDC4 17.92 ▲ 1.70% ABEV3 16.73 ▲ 2.07% BBAS3 20.34 ▲ 1.45% B3SA3 14.92 ▲ 2.12% WEGE3 46.90 ▲ 0.86% PRIO3 53.29 ▼ 1.21% SUZB3 40.11 ▼ 4.50% RENT3 43.10 ▲ 1.77% AZZA3 18.99 ▼ 4.09% CSAN3 3.76 ▲ 1.35% RAIZ4 0.41 ▼ 2.38% PCAR3 2.28 ▲ 0.89% GMAT3 3.87 ▲ 1.04% PSSA3 53.26 ▲ 1.25% CVCB3 1.41 ▼ 0.70% POSI3 3.99 ▲ 1.53% SLCE3 13.17 ▼ 0.98% NATU3 7.98 ▲ 2.05% BRKM5 6.25 ▼ 8.36% RANI3 7.80 ▲ 0.39% CSNA3 4.73 ▼ 1.87% CMIN3 4.25 ▲ 0.24% USIM5 8.27 ▼ 2.71% GGBR4 21.42 ▼ 0.09% ENEV3 26.81 ▲ 2.64% NEOE3 33.80 — 0.00% CPFE3 45.50 ▲ 0.84% CMIG4 10.96 ▲ 1.58% EQTL3 39.75 ▲ 1.79% LREN3 14.97 ▲ 3.10% VIVT3 34.79 ▲ 0.64% RAIL3 13.69 ▲ 1.78% KLABIN 16.96 ▼ 0.53% RAIA DROGASIL 17.35 ▲ 0.87% RDOR3 34.71 ▲ 1.00% HAPV3 10.24 ▲ 1.19% FLRY3 15.61 ▲ 1.04% SMTO3 15.04 ▲ 2.24% UGPA3 25.60 ▲ 1.39% VBBR3 29.69 ▲ 1.78% BBSE3 39.17 ▲ 0.77% BPAC11 54.66 ▲ 0.66% CURY3 35.11 ▲ 1.15% AERI3 2.08 ▲ 0.48% VIVARA 23.54 ▲ 1.99% COMPASS 24.94 ▼ 2.35% VAMOS 2.88 ▲ 2.13% SANB11 26.35 ▲ 0.57% ASAI3 8.83 ▲ 2.56% SBSP3 29.60 ▲ 2.42% WALMEX 50.86 ▼ 0.51% GMEXICO 200.00 ▼ 1.48% FEMSA 225.20 ▲ 2.85% CEMEX 21.51 ▼ 0.97% GFNORTE 182.90 ▼ 1.59% BIMBO 57.09 ▲ 1.66% TELEVISA 9.48 ▼ 1.46% AMX 23.20 ▲ 0.74% 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Monday, June 29, 2026

Argentina Latin America

Milei Names Diego Santilli as His New Cabinet Chief

By · June 29, 2026 · 5 min read

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Politics

Key Facts

The appointment. Javier Milei named Diego Santilli his cabinet chief on Sunday, June 28, with a swearing-in set for Tuesday.
The man. Santilli is a former interior minister and a seasoned political operator, the fourth person to hold the role under Milei.
The reason. Milei said he wanted political muscle to deal with governors and Congress, where his agenda has stalled.
The backstory. He replaces Manuel Adorni, who resigned on June 27 while under investigation for illicit enrichment.
The reset. Milei’s sister Karina has called ruling-party lawmakers to a meeting to relaunch the legislative push.
The optics. The choice signals a turn toward a conventional political fixer after a scandal over a loyalist.

Diego Santilli, a veteran political operator, will be Argentina’s next cabinet chief, as President Javier Milei moves quickly to repair a government rattled by the corruption scandal that felled his last one.

Argentina's Casa Rosada presidential palace in Buenos Aires
Argentina’s Casa Rosada, where Diego Santilli takes over as cabinet chief, with a swearing-in set for June 30. (Photo internet reproduction)
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Milei named Santilli on Sunday, June 28, with the swearing-in set for Tuesday. He becomes the fourth person to hold the post since Milei took office.

Milei made the announcement himself on social media, posting a photograph alongside Santilli and his sister, the powerful presidential secretary Karina Milei. He said the three were laying the groundwork for what he called an orderly transition.

The job is the engine room of the government. The cabinet chief coordinates the ministries and, crucially, runs the negotiations with provincial governors and Congress that Milei needs to pass his program.

In Argentina’s presidential system, the cabinet chief serves as a bridge between the executive and legislative branches. The role is especially critical for presidents who lack a legislative majority and must build coalitions to advance their policy agenda.

Why Milei chose Diego Santilli

Milei was blunt about the logic. He said the role demands political experience and the ability to work with governors, and that Santilli, a former interior minister, has the muscle for it.

It is a notable shift. Where the outgoing chief, Manuel Adorni, was a communicator who became the face of austerity, Santilli is a career operator from the more traditional center-right, brought in to do deals.

Santilli is a familiar face in Argentine politics. He built his career in the center-right before joining the governing camp, served in senior roles in Buenos Aires, and most recently ran the interior ministry, the post that handles relations with the provinces.

The interior ministry in Argentina is the federal government’s main channel to the country’s provincial governors, who control significant resources and political networks. Experience in that role gives Santilli direct knowledge of the regional power brokers Milei needs to win over.

The appointment lands with the agenda stalled. Several government initiatives stuck amid the fallout from Adorni’s exit, and Milei is betting a seasoned hand can get them moving again.

What it means beyond Argentina

For investors who follow the Milei experiment, the question after the scandal was always governability. Losing the chief negotiator mid-reform was the risk, and naming a political heavyweight is the answer the president has chosen.

The first test comes fast. Milei’s powerful sister and gatekeeper, Karina, has summoned ruling-party lawmakers to relaunch the legislative push, even as the president leaves for a regional summit abroad.

The churn at the top is its own signal. Santilli is the fourth person to run the cabinet in barely two and a half years, a turnover that speaks to how hard Milei has found it to build a stable governing core.

High turnover in key government posts can signal internal friction or difficulty finding officials who can navigate both the president’s vision and the practical demands of coalition-building. It also raises questions about institutional continuity and whether policy implementation can proceed smoothly when leadership changes frequently.

The reset is already on the calendar. Karina Milei has called the bloc’s deputies and senators to the presidential palace on Wednesday to coordinate strategy, while the president himself heads to a regional summit in Paraguay.

For markets, the read is cautious relief. A capable negotiator lowers the risk that the scandal derails the reform timetable, but it does not erase the political damage already done.

Santilli framed the task in sweeping terms. He called it the greatest challenge of his life and pledged to work as part of a team, language aimed at a government that has leaned heavily on a small inner circle.

Whether the change steadies the ship depends on delivery, not personnel. The scandal dented Milei’s anti-corruption brand, and only a working majority in Congress will show the reset has taken hold.

The broader question is whether Santilli’s traditional political skills can mesh with Milei’s unconventional governing style. Can a career negotiator from the center-right build the coalitions the president needs without diluting the reform agenda that brought Milei to power in the first place?

Frequently Asked Questions

Who is Diego Santilli?

Diego Santilli is a veteran Argentine politician and former interior minister, with roots in the center-right before he aligned with Milei’s bloc. On June 28 he was named cabinet chief, becoming the fourth person to hold the role under President Milei, with a swearing-in set for the following Tuesday.

Why did the last cabinet chief leave?

Manuel Adorni resigned on June 27 while under federal investigation for illicit enrichment, after admitting he had hidden savings from the tax authorities. His exit undercut the government’s anti-corruption message and left the cabinet chief’s post vacant.

What happens next?

Santilli is due to be sworn in on Tuesday, and the government plans to relaunch a legislative agenda that stalled during the scandal. His immediate job is to rebuild relations with governors and Congress, where Milei lacks a majority and needs allies to pass his reforms.

Connected Coverage

Milei Cabinet Chief Adorni Resigns as Corruption Scandal Peaks

Latin American Pulse for Friday, June 26, 2026

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