Ecopetrol (NYSE: EC) president on leave as board names acting chief
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Ecopetrol S.A. reports that its Board of Directors approved an unpaid leave of absence requested by President Ricardo Roa Barragán. His vacation is scheduled from April 7, 2026 to May 27, 2026, followed by a 30-day unpaid leave starting May 28, 2026.
The Board appointed Juan Carlos Hurtado Parra, currently Executive Vice President of Hydrocarbons and first alternate to the President since November 16, 2025, as Acting President. He brings 28 years of energy-sector experience, including senior roles at Ecopetrol and Transportadora de Gas Internacional.
Positive
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Key Figures
Unpaid leave duration: 30 calendar days
Vacation period: April 7, 2026 to May 27, 2026
ISA stake: 51.4% of shares
+3 more
6 metrics
Unpaid leave duration
30 calendar days
Starts May 28, 2026 for Ecopetrol’s President
Vacation period
April 7, 2026 to May 27, 2026
Scheduled vacation for President Ricardo Roa Barragán
ISA stake
51.4% of shares
Ecopetrol ownership in ISA following acquisition
Employees
more than 19,000 employees
Workforce size at Ecopetrol
Hydrocarbon production share
more than 60%
Ecopetrol’s share of Colombia’s hydrocarbon production
Executive experience
28 years
Energy sector experience of Juan Carlos Hurtado Parra
Key Terms
unpaid leave of absence, Acting President, forward-looking statements, hydrocarbon production, +1 more
5 terms
unpaid leave of absence financial
"approved an unpaid leave of absence requested by the Company’s President"
Acting President financial
"The Board of Directors has appointed Mr. Juan Carlos Hurtado Parra as Acting President."
forward-looking statements financial
"This release contains statements that may be considered forward-looking statements within the meaning"
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.
hydrocarbon production financial
"it is responsible for more than 60% of the hydrocarbon production of most transportation"
energy transmission financial
"the company participates in energy transmission, the management of real-time systems (XM)"
FAQ
What leadership change did Ecopetrol (EC) announce in this report?
Ecopetrol announced that President Ricardo Roa Barragán will take vacation from April 7 to May 27, 2026, followed by a 30-day unpaid leave starting May 28, 2026. The Board appointed Juan Carlos Hurtado Parra as Acting President during this period.
Who is Ecopetrol (EC) appointing as Acting President and what is his background?
Ecopetrol appointed Juan Carlos Hurtado Parra as Acting President. He is Executive Vice President of Hydrocarbons, first alternate to the President since November 16, 2025, an electrical engineer with an MBA in International Oil and Gas, and has 28 years of experience in the energy sector.
How long will Ecopetrol’s President be on vacation and unpaid leave?
President Ricardo Roa Barragán will be on vacation from April 7, 2026 to May 27, 2026, then on unpaid leave for 30 calendar days starting May 28, 2026. Together, this creates an extended planned absence authorized by the Board.
What roles does Ecopetrol (EC) hold in Colombia’s energy sector?
Ecopetrol is Colombia’s largest company, responsible for more than 60% of the country’s hydrocarbon production and most transportation, logistics, and refining systems. It also holds leading positions in petrochemicals and gas distribution, supported by a workforce of more than 19,000 employees.
How did the ISA acquisition expand Ecopetrol’s (EC) business?
By acquiring 51.4% of ISA’s shares, Ecopetrol added energy transmission, real-time system management through XM, and the Barranquilla–Cartagena coastal highway concession. Through ISA, Ecopetrol also participates in power transmission, road concessions, and telecommunications across several Latin American countries.
What forward-looking statement cautions does Ecopetrol (EC) highlight?
Ecopetrol notes that forward-looking statements involve risks and uncertainties related to oil and gas prices, exploration and production activities, regulations, exchange rates, competitiveness, and Colombia’s economic performance. It explicitly states it does not intend and does not assume any obligation to update such statements.