Ecopetrol Announces a New Appointment in Senior Management

Rhea-AI Summary

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) has announced a permanent appointment in its senior management. Juan Carlos Hurtado Parra has been named as the Vice President of the Upstream segment, effective October 1, 2024. Hurtado Parra, who has been leading the department since June 15, brings 27 years of industry experience to the role.

As Vice President of Upstream, Hurtado Parra will be responsible for increasing company reserves, decarbonizing operations, strengthening the gas portfolio, and driving the traditional business to ensure energy security and support the transition. Ecopetrol, Colombia's largest company, is a major integrated energy company in the Americas, with operations spanning hydrocarbon production, transportation, logistics, refining, and petrochemicals.

Positive

• Appointment of an experienced executive (Juan Carlos Hurtado Parra) as Vice President of Upstream
• Focus on increasing company reserves and strengthening gas portfolio
• Emphasis on decarbonizing operations and supporting energy transition

Negative

• None.

BOGOTA, Colombia, Oct. 1, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" or the "Company") announces that the following permanent appointment has been made as part of the implementation of the new organizational structure announced on June 6, 2024:

Juan Carlos Hurtado Parra as Vice President of the Upstream segment, who has been in charge of this department since June 15 and assumes the position permanently as of today, October 1. Juan Carlos is an electrical engineer from the Industrial University of Santander, a specialist in Project Evaluation and Development from the University of Rosario, and holds a Master of Business Administration in International Oil and Gas Degree from the University of Dundee. He has 27 years of experience in the sector, including an extensive career at Ecopetrol and executive positions at the International Gas Transporter (TGI). As Vice President of the Upstream segment, he is responsible for contributing to the increase in the Company's reserves, continuing the decarbonization of operations, strengthening the gas portfolio, and driving the traditional business to ensure energy security and support the transition.

The Ecopetrol Group wishes him much success in this role.

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 (a)
Lina María Contreras Mora
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 Vice President of Upstream at Ecopetrol (EC)?

Juan Carlos Hurtado Parra has been appointed as the new Vice President of the Upstream segment at Ecopetrol (EC), effective October 1, 2024.

What are the main responsibilities of the new Upstream VP at Ecopetrol (EC)?

The new Upstream VP at Ecopetrol (EC) is responsible for increasing company reserves, decarbonizing operations, strengthening the gas portfolio, and driving the traditional business to ensure energy security and support the transition.

When did Ecopetrol (EC) announce its new organizational structure?

Ecopetrol (EC) announced its new organizational structure on June 6, 2024.

What is Ecopetrol's (EC) market position in Colombia?

Ecopetrol (EC) is the largest company in Colombia, responsible for over 60% of hydrocarbon production and holds leading positions in petrochemicals and gas distribution segments.