Decisions of the Board of Directors of Ecopetrol S.A.

Rhea-AI Summary

Ecopetrol (NYSE: EC), Colombia's largest energy company, announced significant changes to its Board leadership. Dr. Guillermo García Realpe has voluntarily stepped down as Chairman but will remain on the Board and continue chairing the Compensation, Nomination, and Culture Committee. The Board has appointed Dr. Mónica de Greiff Lindo as Chairwoman and Dr. Angela María Robledo Gómez as Vice Chairwoman, effective August 20, 2025.

Ecopetrol maintains a dominant position in Colombia's energy sector, controlling over 60% of hydrocarbon production and leading in petrochemicals and gas distribution. The company has expanded internationally through its 51.4% ownership in ISA and operations in strategic basins across the Americas, including the U.S. Permian basin and Gulf of Mexico, Brazil, and Mexico.

Positive

• Company maintains leadership with over 60% of Colombia's hydrocarbon production
• Strong international presence in strategic basins across Americas
• Diversified portfolio including energy transmission and road concessions through ISA stake
• Smooth leadership transition with continued involvement of former Chairman

Negative

• None.

News Market Reaction – EC

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+0.22% News Effect

On the day this news was published, EC gained 0.22%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BOGOTÁ, Colombia, Aug. 19, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that during the Board of Directors meeting held on August 19, 2025, Dr. Guillermo García Realpe voluntarily resigned from his role as Chairman of the Board for personal reasons. However, he will continue to serve as a member of the Board and as Chair of the Compensation, Nomination, and Culture Committee.

Consequently, the Board of Directors elected Dr. Mónica de Greiff Lindo as the new Chairwoman and Dr. Angela María Robledo Gómez as Vice Chairwoman of the Board, effective August 20, 2025.

Ecopetrol expresses its gratitude to Dr. García Realpe for his leadership, commitment, and valuable contributions as Chairman of the Board, and extends its best wishes for success to Drs. De Greiff and Robledo in their new roles.

Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 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
Carolina Tovar Aragón
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.

FAQ

Who is the new Chairwoman of Ecopetrol's Board of Directors?

Dr. Mónica de Greiff Lindo has been appointed as the new Chairwoman of Ecopetrol's Board, effective August 20, 2025.

Why did Ecopetrol's Chairman Dr. Guillermo García Realpe resign?

Dr. García Realpe voluntarily resigned as Chairman for personal reasons, but will continue serving as a Board member and Chair of the Compensation, Nomination, and Culture Committee.

What percentage of Colombia's hydrocarbon production does Ecopetrol control?

Ecopetrol is responsible for more than 60% of Colombia's hydrocarbon production and leads most transportation, logistics, and hydrocarbon refining systems.

What international operations does Ecopetrol (NYSE: EC) currently have?

Ecopetrol operates in strategic basins across the Americas, including the U.S. Permian basin and Gulf of Mexico, Brazil, and Mexico. Through ISA, it also has presence in power transmission in Brazil, Chile, Peru, and Bolivia.

What is Ecopetrol's ownership stake in ISA?

Ecopetrol owns a 51.4% stake in ISA, which gives the company participation in energy transmission, real-time systems management, and the Barranquilla-Cartagena coastal highway concession.