Ecopetrol announces nomination of candidate to its Board of Directors

Rhea-AI Summary

Ecopetrol S.A. nominates Dr. Álvaro Torres Macías as a candidate for the Board of Directors. The company, a major energy player in Colombia and the American continent, operates in various segments including hydrocarbon production, transportation, logistics, and petrochemicals. With recent acquisitions and international operations, Ecopetrol continues to expand its presence.

BOGOTA, Colombia, March 11, 2024 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs in accordance with the subscription of the Declaration of the Nation as majority shareholder and complying with the established procedure, the current representatives of the hydrocarbon producing departments in which Ecopetrol operates, signed a document through which they unanimously agreed to nominate Dr. Álvaro Torres Macías as their candidate for Board of Directors.

The signed document can be consulted at the following link:

https://files.ecopetrol.com.co/web/esp/aga2024/postulado-departamentos.pdf 

Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent  with more than 18,000 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 press release contains forward-looking statements which are based on current expectations and assumptions about future events and which can be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "anticipate", "estimate", "intend", "continue", or "believe" or other words of similar import, and which forward-looking statements also include certain projections, forecasts, budgets and other estimates. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond the Ecopetrol's control. Ecopetrol does not undertake any obligation to provide any additional information or to update this press release or to correct any inaccuracies that may become apparent, whether as a result of new information, future events or otherwise. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.

For more information, please contact:

Head of Capital Markets (a)
Daniel Hurtado Mendoza
Email: investors@ecopetrol.com.co 

Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: marcela.ulloa@ecopetrol.com.co

View original content:https://www.prnewswire.com/news-releases/ecopetrol-announces-nomination-of-candidate-to-its-board-of-directors-302086038.html

SOURCE Ecopetrol S.A.

FAQ

Who is nominated as a candidate for the Board of Directors by Ecopetrol S.A.?

Dr. Álvaro Torres Macías is nominated as a candidate for the Board of Directors by Ecopetrol S.A.

What is Ecopetrol S.A.'s role in Colombia?

Ecopetrol S.A. is responsible for more than 60% of the hydrocarbon production in Colombia and is involved in transportation, logistics, hydrocarbon refining, petrochemicals, and gas distribution.

In which international operations is Ecopetrol S.A. involved?

Ecopetrol S.A. has operations in strategic basins in the United States, Brazil, and Mexico, as well as in energy transmission, power transmission, road concessions, and the telecommunications sector in countries like Brazil, Chile, Peru, and Bolivia.