Ecopetrol announces new senior management appointment

Rhea-AI Summary

Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) has announced a new senior management appointment effective October 16, 2024. Carlos Mauricio Avila Saldarriaga has been appointed as Vice President of Subsidiaries and Assets with Partners. Carlos is a Petroleum Engineer with over 28 years of experience in the hydrocarbons sector. He has held leadership roles in companies such as Occidental de Colombia Inc., Halliburton, and Frontera Energy.

Carlos's expertise includes structuring portfolios, performing technical and economic-financial valuations of projects, and leading interactions with diverse stakeholders. He has consolidated high-performing teams and developed national and international exploration and production businesses. Ecopetrol, the largest company in Colombia, is responsible for more than 60% of the country's hydrocarbon production and holds leading positions in various energy sectors.

Positive

• Appointment of an experienced executive with 28 years in the hydrocarbons sector
• New VP brings expertise in portfolio structuring and project valuation
• Strengthening of leadership in subsidiaries and assets with partners

Negative

• None.

BOGOTA, Colombia, Oct. 18, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that the following senior management appointment was made effective as of October 16, 2024:

Carlos Mauricio Avila Saldarriaga has been appointed as Vice President of Subsidiaries and Assets with Partners. Carlos is a Petroleum Engineer from Universidad América, with further education in finance, project management and production operations. He has more than 28 years of experience in the hydrocarbons sector. He started his career in Ecopetrol as a Production Engineer and pursued other management positions in the New Business division. Additionally, he has held leadership roles in companies such as Occidental de Colombia Inc., Halliburton and Frontera Energy, serving as Senior Business Development Manager in Halliburton and Frontera Energy.

His expertise has allowed him to structure several portfolios, perform technical, economic-financial and contractual valuation of projects, and led interactions with diverse stakeholders, with a managerial and strategic approach to achieve results. He has also consolidated high-performing teams, developed national and international exploration and production businesses, and has structured and optimized portfolios in the Mid- Magdalena region.

The Ecopetrol Group appreciates the work carried out by Zaring Joemy Ocampo Barbosa as Acting Vice President and welcomes Carlos Mauricio in this new endeavor, wishing him success in his new position.

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 

View original content:https://www.prnewswire.com/news-releases/ecopetrol-announces-new-senior-management-appointment-302280890.html

SOURCE Ecopetrol S.A.

FAQ

Who is the new Vice President of Subsidiaries and Assets with Partners at Ecopetrol (EC)?

Carlos Mauricio Avila Saldarriaga has been appointed as the new Vice President of Subsidiaries and Assets with Partners at Ecopetrol, effective October 16, 2024.

What is Carlos Mauricio Avila Saldarriaga's background in the energy sector?

Carlos Mauricio Avila Saldarriaga is a Petroleum Engineer with over 28 years of experience in the hydrocarbons sector. He has held leadership roles in companies such as Ecopetrol, Occidental de Colombia Inc., Halliburton, and Frontera Energy.

When did Ecopetrol (EC) announce the new senior management appointment?

Ecopetrol announced the new senior management appointment on October 18, 2024, with the appointment being effective as of October 16, 2024.

What percentage of Colombia's hydrocarbon production is Ecopetrol (EC) responsible for?

Ecopetrol is responsible for more than 60% of Colombia's hydrocarbon production, as well as most transportation, logistics, and hydrocarbon refining systems in the country.