Ecopetrol Announces Changes in Senior Management

Rhea-AI Summary

Ecopetrol (NYSE: EC) reported that its Board of Directors approved several senior management changes effective at the end of August 2026. The current holders of five corporate vice president or director roles will perform their duties through August 30, 2026, after which internal executives will assume these positions in an acting capacity from August 31, 2026.

According to Ecopetrol, acting appointments include new leaders for Territorial Transformation and HSE, Administration and Services, Institutional Relations and Communications, Strategy and New Business, and Refining and Industrial Processes. The company plans to announce permanent appointments in due course and expressed gratitude to the outgoing executives for their service.

Market Context

Recent bondholder updates produced 24-hour moves of 1.19% and 1.61%, despite procedural content. Aga...

Analysis

Recent bondholder updates produced 24-hour moves of 1.19% and 1.61%, despite procedural content. Against that record, this leadership announcement adds succession information, while the absence of permanent appointments remains the key item to watch.

Key Figures

Board decision date: August 27, 2026 Outgoing duties through: August 30, 2026 Acting appointments effective: August 31, 2026 +3 more

6 metrics

Board decision date August 27, 2026 Senior management changes

Outgoing duties through August 30, 2026 Five senior management positions

Acting appointments effective August 31, 2026 Four acting Vice Presidents and one acting Director

ISA stake 51.4% Ecopetrol’s share acquisition described in company background

Employees More than 19,000 employees Company description

Hydrocarbon production responsibility More than 60% Company description for Colombia

Historical Context

5 past events · Latest: Aug 18 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Aug 18	Bondholder meeting results	Neutral	+1.2%	First-call meetings lacked required quorum for domestic bond issuances.
Aug 18	Brazil acquisition completion	Positive	+0.0%	Ecopetrol completed acquisition of approximately 51% of Brava Energia voting shares.
Aug 07	Bondholder meeting convening	Neutral	+1.6%	Bondholders were scheduled to consider Parque Solar Portón del Sol merger.
Aug 05	Brazil acquisition auction	Positive	+6.2%	Tender offer auction acquired approximately 25% of Brava Energia share capital.
Jul 20	Brazil tender offer resumption	Positive	+3.1%	Revised Brazilian tender offer resumed after regulator recommendations were incorporated.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news events generally coincided with positive 24-hour price reactions, including neutral bondholder updates and acquisition announcements.

Key Terms

hse, forward-looking statements

2 terms

hse technical

"Corporate Vice President of Territorial Transformation and HSE"

Health, Safety and Environment (HSE) describes a company’s policies and practices for protecting workers, the public, and the natural environment from harm caused by its operations. Investors watch HSE because poor performance can lead to fines, shutdowns, cleanup costs and damage to reputation—like a car with a faulty brake system that risks both expensive repairs and lost trust, HSE failures can reduce profits and increase risk.

forward-looking statements regulatory

"statements that may be considered forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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BOGOTÁ, Colombia, Aug. 27, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that its Board of Directors, at its meeting held on August 27, 2026, adopted the following decisions:

Sandra Lucía Rodríguez Rojas, Corporate Vice President of Territorial Transformation and HSE, will perform her duties through August 30, 2026. Miguel Ángel Cortés Angarita, currently Senior Environmental Management Professional within the same area, will assume the role of acting Vice President effective August 31, 2026.

Jaime Andrés García Cuello, Vice President of Administration and Services, will perform his duties through August 30, 2026. Álvaro Iván Saavedra Barón, currently Hydrocarbons Supply Manager within the same area, will assume the role of acting Vice President effective August 31, 2026.

Diana Marcela Jiménez Rodríguez, Corporate Director of Institutional Relations and Communications, will perform her duties through August 30, 2026. Juliana Perdomo Valencia, currently Senior Communications Specialist within the same area, will assume the role of acting Director effective August 31, 2026.

Julián Fernando Lemos Valero, Corporate Vice President of Strategy and New Business, will perform his duties through August 30, 2026. Adrian Santiago Coral Pantoja, currently Hydrocarbons New Business Manager within the same area, will assume the role of acting Vice President effective August 31, 2026.

Felipe Trujillo López, Vice President of Refining and Industrial Processes, will perform his duties through August 30, 2026. Ana Carolina Ríos Junco, currently Senior Process Engineer within the same area, will assume the role of acting Vice President effective August 31, 2026.

Ecopetrol will announce the corresponding permanent appointments in due course, as applicable.

The Company extends its gratitude to these individuals for their leadership, dedication, and achievements during their tenure, and wishes them continued success in their future professional endeavors.

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:

Investor Relations Office
Email: investors@ecopetrol.com.co 

Corporate Communications (Colombia)
Email: _noticias@ecopetrol.com.co

View original content to download multimedia:https://www.prnewswire.com/news-releases/ecopetrol-announces-changes-in-senior-management-302862376.html

SOURCE Ecopetrol S.A.

FAQ

What senior management changes did Ecopetrol (NYSE: EC) announce on August 27, 2026?

Ecopetrol announced that five senior executives will leave their current roles on August 30, 2026, and internal leaders will assume those positions in an acting capacity from August 31, 2026. According to Ecopetrol, permanent appointments will be communicated later, as applicable.

Which Ecopetrol executives are leaving their positions effective August 30, 2026?

The departing executives are Sandra Lucía Rodríguez Rojas, Jaime Andrés García Cuello, Diana Marcela Jiménez Rodríguez, Julián Fernando Lemos Valero, and Felipe Trujillo López. According to Ecopetrol, each will perform duties through August 30, 2026, before their respective successors take over on an acting basis.

Who will serve as acting vice presidents and director at Ecopetrol starting August 31, 2026?

From August 31, 2026, several internal managers will become acting leaders, including Miguel Ángel Cortés Angarita, Álvaro Iván Saavedra Barón, Juliana Perdomo Valencia, Adrian Santiago Coral Pantoja, and Ana Carolina Ríos Junco. According to Ecopetrol, each will assume roles in the same functional areas.

When will Ecopetrol announce permanent replacements for the senior management changes disclosed in August 2026?

Ecopetrol stated it will announce permanent appointments in due course, as applicable, without providing specific dates. According to Ecopetrol, the current moves establish acting leadership from August 31, 2026, while the Board finalizes long-term staffing decisions for these senior positions.

How might the August 2026 management changes affect Ecopetrol’s operations and strategy?

Ecopetrol did not describe specific operational or strategic impacts from these changes. According to Ecopetrol, internal professionals from the same areas will assume the roles in an acting capacity, suggesting a focus on continuity while permanent appointments are evaluated and decided.

How can investors contact Ecopetrol’s Investor Relations after the August 27, 2026 management changes?

Investors can contact Ecopetrol’s Investor Relations Office via email at investors@ecopetrol.com.co. According to Ecopetrol, corporate communications in Colombia are available at _noticias@ecopetrol.com.co, providing dedicated channels for financial inquiries and general corporate information following the announced personnel transitions.