He was known in the Ecuadorian media as LFC or by his surname (Febres-Cordero). He was President of Ecuador of Ecuador for a four-year term. He was inaugurated on 10 August 1984. He succeeded Osvaldo Hurtado. During his Presidency he sought to introduce market-oriented reforms, and also led a security crackdown on a guerilla group, ¡Alfaro Vive, Carajo!. He was known for being a close ally to President of the United States Ronald Reagan.