Ecopetrol Announces Changes in Senior Management

Rhea-AI Summary

Ecopetrol (NYSE: EC) announced Board appointments effective November 16, 2025. Juan Carlos Hurtado Parra was named Executive Vice President of Hydrocarbons; he previously served as Vice President of Exploration, Development, and Production and has about 23 years at Ecopetrol and over 25 years in the oil and gas sector. Rafael Ernesto Guzmán Ayala will assume new challenges within the Ecopetrol Group after serving as Executive Vice President of Hydrocarbons. Rodolfo Mario García Paredes was appointed Chief Compliance Officer; he has acted in this role since June 2025 and has over 25 years in corporate legal roles. The release also reiterates Ecopetrol's scale and its 51.4% stake in ISA.

Positive

• Appointment effective 16-Nov-2025 for EVP Hydrocarbons
• Juan Hurtado: ~23 years at Ecopetrol and 25+ years sector experience
• Rodolfo García served as acting CCO since June 2025
• 51.4% ownership stake in ISA reiterated

Negative

• None.

BOGOTA, Colombia, Nov. 12, 2025 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that the Board of Directors appointed the following leadership positions, during its meeting on November 11, 2025, all of which will be effective as of November 16:

Juan Carlos Hurtado Parra as Executive Vice President of Hydrocarbons. Mr. Hurtado, who previously served as Vice President of Exploration, Development, and Production, holds a degree in Electrical Engineering from Universidad Industrial de Santander, a specialization in project evaluation and development from Universidad del Rosario, and a Master of Business Administration in Oil & Gas Management from the University of Dundee. He brings over 25 years of experience in the oil, gas, and energy sector, including approximately 23 years at Ecopetrol S.A., where he has held key positions such as Vice President Upstream, Vice President of Subsidiaries and Joint Ventures, and Technical Vice President, among others.

Rafael Ernesto Guzmán Ayala will take on new professional challenges within the Ecopetrol Group. Mr. Guzmán has previously served as Executive Vice President of Hydrocarbons. The company extends its gratitude to Mr. Guzmán for his years of service, leadership, and strategic contributions in the Executive Vice Presidency of Hydrocarbons.

Rodolfo Mario García Paredes as Chief Compliance Officer and Compliance Officer. Mr. García is an attorney from Universidad del Rosario with a specialization in public management and administrative institutions from Universidad de los Andes. He has been acting in this role since June 2025. Additionally, he has served in Ecopetrol's Corporate Legal Vice Presidency and General Secretariat for over 25 years, during which he has held leadership positions such as Legal Manager of Hydrocarbons, Legal Advisory Manager for Exploration, and Legal Manager for New Businesses and Corporate Affairs. He has previously acted as head of the Corporate Legal Vice Presidency and the General Secretariat.

The Ecopetrol Group wishes the appointed leaders great success 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, 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.

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.

FAQ

Who is the new Executive Vice President of Hydrocarbons at Ecopetrol (EC) and when does the appointment take effect?

Juan Carlos Hurtado Parra was appointed Executive Vice President of Hydrocarbons, effective November 16, 2025.

What is Juan Carlos Hurtado Parra's experience prior to his Ecopetrol (EC) promotion?

He previously served as Vice President of Exploration, Development, and Production and has about 23 years at Ecopetrol and over 25 years in the oil and gas sector.

Who was the outgoing Executive Vice President of Hydrocarbons at Ecopetrol (EC) and what is their next step?

Rafael Ernesto Guzmán Ayala previously served as Executive Vice President of Hydrocarbons and will take on new professional challenges within the Ecopetrol Group.

Who is Ecopetrol's new Chief Compliance Officer and how long has he been acting in the role?

Rodolfo Mario García Paredes was named Chief Compliance Officer; he has served in that role acting since June 2025.

Does the management release mention Ecopetrol's ownership in ISA and other business lines?

Yes, the release restates Ecopetrol's 51.4% acquisition of ISA shares and its positions in transmission, XM, and highway concessions.