Ecopetrol Announces Hydrocarbon-Producing Departments' Nominee to the Board of Directors on Slate Proposed by Government of Colombia

Rhea-AI Summary

Ecopetrol (NYSE: EC) said the hydrocarbon-producing departments nominated Ricardo Rodriguez Yee as their candidate for election as the eighth director on the slate proposed by the Government of Colombia.

The release reiterates Ecopetrol's scale: >19,000 employees, responsibility for >60% of Colombia's hydrocarbon production, and a 51.4% stake in ISA, with international operations in the United States, Brazil, Mexico and transmission assets across Latin America.

Positive

• Departments re-nominated an experienced candidate, promoting board continuity
• Company highlights a 51.4% stake in ISA, expanding energy transmission exposure
• Operational scale: >19,000 employees and >60% national hydrocarbon production

Negative

• Board slate is proposed by the Government of Colombia, implying concentrated public influence
• Nomination is subject to shareholder election; outcome and timing are not specified

News Market Reaction

+2.45%

1 alert

+2.45% News Effect

On the day this news was published, EC gained 2.45%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BOGOTA, Colombia, Jan. 20, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) reports that the hydrocarbon–producing departments in which Ecopetrol operates have once again nominated Mr. Ricardo Rodriguez Yee as their candidate to the Board of Directors. The hydrocarbon–producing departments' nominee will be submitted for election by the shareholders as the eighth director on the slate of nominees proposed by the Government of Colombia.

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 Department
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 did the hydrocarbon-producing departments nominate to Ecopetrol's board (NYSE: EC) on Jan 20, 2026?

They nominated Ricardo Rodriguez Yee as their candidate for election as the eighth director on the government-proposed slate.

What stake does Ecopetrol (NYSE: EC) hold in ISA and why does it matter for investors?

Ecopetrol holds a 51.4% stake in ISA, which expands its exposure to energy transmission and related infrastructure revenues.

How large is Ecopetrol's domestic production role as described in the Jan 20, 2026 release?

Ecopetrol is described as responsible for more than 60% of Colombia's hydrocarbon production.

Does the Jan 20, 2026 announcement confirm Ricardo Rodriguez Yee's board appointment at Ecopetrol (NYSE: EC)?

No; the announcement says he was nominated and will be submitted for shareholder election as the eighth director.

What international operations does Ecopetrol (NYSE: EC) report in the Jan 20, 2026 release?

The company reports drilling and exploration in the Permian basin, Gulf of Mexico, Brazil, and Mexico, plus transmission and concessions across Latin America.