Vitro CEO Federico Sada Gonzalez has resigned effective November 6, 2008, according to a Debtwire.com report, which cited a company statement issued internally and leaked to the press.  In the statement, the report said, Mr. Sada Gonzalez indicated that his reason for resigning was that ”the interests of the company are ahead of my personal interests.”

The Debtwire report quoted undisclosed source who said that Vitro “is much more in play now” than it was last week and that a petition for bankruptcy protection (concurso mercantil) could be an option if the company’s liquidity situation worsens.

The report said that Federico Sada Gonzalez’s older brother, Adrian Sada Gonzalez, who is currently Vitro’s chairman, would likely assume the interim CEO role.