Ecopetrol Announces Changes in Senior Management

Rhea-AI Summary

Ecopetrol (NYSE: EC) reported senior management changes approved by its Board on August 31, 2026. Mr. Sergio Andrés Moreno Acevedo will leave the role of Corporate Vice President of Science, Technology and Innovation at the close of business on August 31, 2026, and Ms. Diana Marcela Acero Rojas will become Acting Corporate Vice President effective September 1, 2026. The Board also appointed Mr. Henryk Manuel Porras Villamil as Acting Executive Vice President of Energy Transition effective August 31, 2026, succeeding Mr. Ernesto Alfonso Gómez Cabarcas, who will take statutory leave before pursuing new opportunities. Ecopetrol indicated it will later disclose permanent appointments to these positions in line with applicable requirements.

Market Context

Ecopetrol’s prior senior-management announcement was followed by -0.33% over 24 hours, providing a d...

Analysis

Ecopetrol’s prior senior-management announcement was followed by -0.33% over 24 hours, providing a directly comparable historical reference. The acting appointments and pending permanent selections leave governance continuity as the key item to monitor.

Key Figures

Board resolution date: August 31, 2026 Acting appointment effective date: September 1, 2026 Prior acting term end: August 30, 2026 +5 more

8 metrics

Board resolution date August 31, 2026 Senior management changes

Acting appointment effective date September 1, 2026 Corporate Vice President of Science, Technology and Innovation

Prior acting term end August 30, 2026 Acting Executive Vice President of Energy Transition

Employees More than 19,000 employees Company description

Hydrocarbon production share More than 60% Colombia hydrocarbon production

ISA shareholding 51.4% Ecopetrol participation in ISA

Securities Act section Section 27A U.S. Securities Act of 1933

Exchange Act section Section 21E U.S. Securities Exchange Act of 1934

Historical Context

5 past events · Latest: Aug 31 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Aug 31	Board nominations	Neutral	+1.0%	Nation’s slate of candidates formalized for seats 7, 8, and 9.
Aug 31	Governance measures	Neutral	+1.0%	Proxy representation measures announced for the September 15 extraordinary meeting.
Aug 31	Shareholder meeting	Neutral	+1.0%	Extraordinary meeting called to address bylaws and elect nine directors.
Aug 27	Management changes	Neutral	-0.3%	Five acting executives announced for senior management roles effective August 31.
Aug 27	Bondholder meetings	Neutral	-0.3%	Second bondholder meetings scheduled after initial quorum requirements were not met.

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

Pattern Detected

Recent governance, management, and bondholder announcements were followed by nonzero moves despite neutral event descriptions, indicating repeated divergence between announcement content and price reaction.

Key Terms

forward-looking statements, statutory leave

2 terms

forward-looking statements regulatory

"This release contains 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.

statutory leave regulatory

"Mr. Gómez Cabarcas will take a period of statutory leave"

Time off from work that employers must provide because a law or regulation guarantees it, such as paid or unpaid leave for sickness, pregnancy and childbirth, family care, or public holidays. Think of it like a contract term written into employment rules by government rather than by the company: it sets minimum rights, durations and sometimes pay. It matters to investors because statutory leave affects staffing, payroll costs, productivity planning, legal compliance and reputational risk, which can influence a company’s operating results and cash flow.

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

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BOGOTÁ, Colombia, Aug. 31, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company" or "Ecopetrol") hereby announces that its Board of Directors, at a meeting held on August 31, 2026, adopted the following resolutions:

Mr. Sergio Andrés Moreno Acevedo will cease to serve as Corporate Vice President of Science, Technology and Innovation effective as of the close of business on August 31, 2026. Ms. Diana Marcela Acero Rojas, who currently serves as Innovation and CT+i Portfolio Manager, will assume the role of Acting Corporate Vice President of Science, Technology and Innovation, effective September 1, 2026. The Company wishes to express its appreciation to Mr. Moreno for his leadership and contributions during his tenure and extends its best wishes for his future professional endeavors.

In addition, the Board of Directors formalized the appointment of Mr. Henryk Manuel Porras Villamil as Acting Executive Vice President of Energy Transition, effective August 31, 2026. Mr. Porras Villamil previously served as Project Leader within the Energy Transition Projects Management Department. He succeeds Mr. Ernesto Alfonso Gómez Cabarcas, who had served as Acting Executive Vice President of Energy Transition on a temporary basis through August 30, 2026. Mr. Gómez Cabarcas will take a period of statutory leave, following which he intends to pursue new professional opportunities.

The Company will make further disclosure to the market regarding the permanent appointments to these positions, as and when applicable, in accordance with applicable disclosure requirements.

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-302865440.html

SOURCE Ecopetrol S.A.

FAQ

What senior management changes did Ecopetrol (EC) announce on August 31, 2026?

Ecopetrol announced leadership changes in its Science, Technology and Innovation and Energy Transition areas. According to Ecopetrol, Sergio Andrés Moreno Acevedo is leaving his vice presidency, and Henryk Manuel Porras Villamil has been appointed Acting Executive Vice President of Energy Transition, with interim successors designated.

Who is replacing Sergio Andrés Moreno Acevedo at Ecopetrol (EC) and when is the change effective?

Diana Marcela Acero Rojas will replace Sergio Andrés Moreno Acevedo as Acting Corporate Vice President of Science, Technology and Innovation. According to Ecopetrol, Moreno’s role ends August 31, 2026, and Acero Rojas assumes the acting position effective September 1, 2026.

Who is the new Acting Executive Vice President of Energy Transition at Ecopetrol (EC)?

Henryk Manuel Porras Villamil is the new Acting Executive Vice President of Energy Transition at Ecopetrol. According to Ecopetrol, his appointment is effective August 31, 2026, succeeding Ernesto Alfonso Gómez Cabarcas, who previously served in the role on a temporary basis.

What happens to Ernesto Alfonso Gómez Cabarcas after the Ecopetrol (EC) management change?

Ernesto Alfonso Gómez Cabarcas will take a period of statutory leave after serving as Acting Executive Vice President of Energy Transition. According to Ecopetrol, following this leave he intends to pursue new professional opportunities outside the temporary executive position.

Are the Ecopetrol (EC) management appointments in science, innovation and energy transition permanent?

The current appointments are acting, not permanent, for both affected vice president roles. According to Ecopetrol, the company plans to disclose any permanent appointments to these positions later, as applicable, and in compliance with relevant market disclosure requirements.

Does the Ecopetrol (EC) senior management change affect its energy transition strategy leadership?

The announcement changes the leadership of the Energy Transition executive vice presidency through an acting appointment. According to Ecopetrol, Henryk Manuel Porras Villamil, formerly a project leader in Energy Transition Projects Management, now serves as Acting Executive Vice President of Energy Transition.