BOGOTA,
Colombia, Feb. 1, 2025 /PRNewswire/ -- Ecopetrol
S.A. (BVC: ECOPETROL; NYSE: EC) announces that, in line with the
2040 strategy named "Energy that Transforms," which seeks the
Company's positioning as a leader in energy diversification in the
region and as part of its transformation process to have a more
agile and efficient organization, the Board of Directors approved
adjustments to its organizational structure on January 31, 2025. The changes were made to
strengthen the management of its business lines, maintain
competitive returns and segregate activities related to management
from those related to execution. The changes are as follows:
- The Corporate Legal Vice Presidency now includes the function
of the General Secretariat and is renamed Corporate Legal Vice
Presidency and General Secretariat.
- María Cristina Toro Restrepo has
been confirmed as Corporate Legal Vice President and General
Secretary. This Vice Presidency reports directly to the
President.
- Rafael Ernesto Guzmán Ayala has been appointed Executive Vice
President of Hydrocarbons. He will continue to report directly to
the President.
- The Upstream Vice Presidency is renamed to Exploration,
Development, and Production Vice Presidency, led by Juan Carlos Hurtado Parra. This Vice Presidency
reports directly to the Executive Vice President of
Hydrocarbons.
Ecopetrol is the largest company in Colombia and one of the main integrated energy
companies in the American continent, with more than 18,000
employees. In Colombia, it is
responsible for more than 60% of the hydrocarbon production of most
transportation, logistics, and hydrocarbon refining systems, and it
holds leading positions in the petrochemicals and gas distribution
segments. With the acquisition of 51.4% of ISA's shares, the
company participates in energy transmission, the management of
real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the
international level, Ecopetrol has a stake in strategic basins in
the American continent, with Drilling and Exploration operations in
the United States (Permian basin
and the Gulf of Mexico),
Brazil, and Mexico, and, through ISA and its subsidiaries,
Ecopetrol holds leading positions in the power transmission
business in Brazil, Chile, Peru,
and Bolivia, road concessions in Chile, and the telecommunications
sector.
This release contains statements that may be considered
forward-looking statements within the meaning of Section 27A of the
U.S. Securities Act of 1933, as amended, and Section 21E of the
U.S. Securities Exchange Act of 1934, as amended. All
forward-looking statements, whether made in this release or in
future filings or press releases, or orally, address matters that
involve risks and uncertainties, including in respect of the
Company's prospects for growth and its ongoing access to capital to
fund the Company's business plan, among others. Consequently,
changes in the following factors, among others, could cause actual
results to differ materially from those included in the
forward-looking statements: market prices of oil & gas, our
exploration, and production activities, market conditions,
applicable regulations, the exchange rate, the Company's
competitiveness and the performance of Colombia's economy and industry, to mention a
few. We do not intend and do not assume any obligation to update
these forward-looking statements.
For more information, please contact:
Head of Capital Markets (A)
Cristhian Vicente Prado Castillo
Email: investors@ecopetrol.com.co
Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co
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SOURCE Ecopetrol S.A.
