BOGOTA,
Colombia, Aug. 17, 2023 /PRNewswire/ -- Ecopetrol
S.A. (BVC: ECOPETROL; NYSE: EC) announces that, to strengthen the
team facing the new challenges of the Company, in its board of
directors meeting held on August 16,
2023, the following changes were made to the senior
management of the Company:
1. María Juliana Albán Durán, Corporate Vice
President of Compliance, retired on August
16, 2023.
2. On the date hereof, the following Vice
Presidents also retire:
Jaime Caballero
Uribe, Corporate Vice President of Finance and Sustainable
Value and
Yeimy Báez Moreno, Vice President of Low Emissions Solutions.
3. Ernesto Gutiérrez de Piñeres, Vice President
of Science, Technology and Innovation, will retire on August 31, 2023.
4. The following persons have been appointed to
the positions indicated below:
(i) Ana Milena López Rocha has been appointed to
the position of as Corporate Vice President of Finance and
Sustainable Value and will assume such position once she completes
her onboarding process to the Ecopetrol S.A.
Ana Milena López is the current Vice President
of Finance, Strategy and New Business at Cenit Transporte y
Logística de Hidrocarburos, a subsidiary of Ecopetrol S.A. She is
also a member of the Board of Directors of Banco Davivienda, Ocensa
and Seguros Bolívar. She was General Director of Public Credit and
the National Treasury, where she was in charge of local and
international debt issuances of the Republic of Colombia, as well as the approval of the
structuring of Public Private Partnerships at a national level. She
was also in charge of the supervision of state-owned companies and
was a member of the boards of directors of Ecopetrol S.A.,
Interconexión Eléctrica S.A. E.S.P. Isagen S.A. E.S.P. and
Financiera de Desarrollo Nacional. Previously, Ana Milena López was
Capital Markets Manager at Grupo Bolívar and began her career at
JPMorgan in New York and
London, where she was a Vice
President in the Emerging Markets team. Ana Milena López is an
Economist from Harvard University and
holds an MBA from Columbia Business
School.
(ii) David Alfredo Riaño Alarcón has been
appointed as Vice President of Low Emission Solutions and will
assume the position on August 18,
2023.
David Riaño Alarcón has more than 25 years of
experience in the energy sector, has a degree in Electrical
Engineering from Universidad de la Salle and a master's degree in
Economics from Pontificia Universidad Javeriana, a master's degree
in Industrial Engineering from Universidad de los Andes and an MBA
from the University of Warwick. During
his career, he has held positions in private and governmental
organizations, where he has been responsible for leading projects
in the areas of electricity generation, renewable energy sources,
energy efficiency and natural gas. He was President of
Transportadora de Gas Internacional (TGI), Vice President of the
Colombian Association of Power Generators (ACOLGEN), Superintendent
of Energy and Gas of the Superintendence of Public Services (SSPD)
and Advisor to the Energy and Gas Regulatory Commission (CREG).
Additionally, he has been member of the board of directors of
Empresa de Energía de Cundinamarca S.A. E.S.P., Gas Natural Fenosa
S.A. E.S.P., Promioriente S.A. E.S.P., Compañía Energética de
Occidente S.A. E.S.P., Inversiones GLP, Calidda (Perú) and Red de
Energía del Perú S.A.
5. The following persons have been appointed as
Vice Presidents:
(i) As of the date hereof, Ana María
Silva Escobar, current Corporate
Manager of Ethics and Compliance Affairs of the Corporate
Vice-Presidency of Compliance, assumes the position as Corporate
Vice-President of Compliance. Ana Maria
Silva Escobar will also act as Interim Compliance Officer of
Ecopetrol S.A., and will hold such position until the appointment
of the Corporate Vice-President of Compliance.
(ii) On August 18,
2023, María Catalina Escobar
Hoyos, current Manager of Value Maximization of the
Corporate Vice-Presidency of Finance and Sustainable Value, will
assume the position of Corporate Vice-President of Finance and
Sustainable Value. María Catalina Escobar
Hoyos will hold such position until the date in which Ana
Milena López Rocha joins Ecopetrol S.A.
(iii) On September 1,
2023, Juanita Quintana
Valdivieso, current Technology Commercialization Manager of
the Vice-Presidency of Science, Technology and Innovation will
assume the position of Interim Vice-President of Science,
Technology and Innovation. Juanita Quintana
Valdivieso will hold such position until a new
Vice-President of Science, Technology and Innovation is
appointed.
Ecopetrol S.A. thanks the outgoing vice
presidents for their valuable management, their contributions to
the achievements of the goals and objectives of the Ecopetrol Group
and wishes them much success in their new professional
challenges.
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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
press release contains business prospect statements, operating and
financial result estimates, and statements related to Ecopetrol's
growth prospects. These are all projections and, as such, they are
based solely on the expectations of the managers regarding the
future of the company and their continued access to capital to
finance the company's business plan. The realization of said
estimates in the future depends on the behavior of market
conditions, regulations, competition, and the performance of the
Colombian economy and the industry, among other factors, and are
consequently subject to change without prior notice.
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
Carolina Tovar Aragón
Email: investors@ecopetrol.com.co
Head of Corporate Communications
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co
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SOURCE Ecopetrol S.A.