Ecopetrol's Senior Management Transition: Leadership Changes and Future Outlook

Ecopetrol S.A., the largest company in Colombia and a prominent player in the energy sector across the Americas, has announced significant changes in its senior management team. As of September 15, 2026, Mr. Juan Carlos Hurtado Parra will officially exit his role with the company, following the implementation of a retirement plan that was mutually agreed upon in July 2026.

Having served as the Executive Vice President of Hydrocarbons and later as the Acting Chief Executive Officer, Mr. Hurtado Parra's leadership has seen the company navigate a challenging energy landscape. Ecopetrol has expressed deep gratitude for his contributions, which have been vital in steering the company towards its goals.

In the wake of Mr. Hurtado Parra's departure, the Board of Directors convened on September 14, 2026, to appoint Mr. Alfonso Camilo Barco Muñoz as the Acting Chief Executive Officer, effective immediately. Mr. Barco Muñoz, who is also an alternate legal representative of Ecopetrol, has a wealth of experience, boasting over 35 years in senior executive roles across various sectors, including public service and private investment. He currently holds the position of Corporate Vice President of Finance and Sustainable Value, where he brings considerable expertise in investment banking, corporate governance, and corporate finance, particularly in the energy, oil and gas, and infrastructure industries.

Under Mr. Barco Muñoz's leadership, Ecopetrol aims to pursue its strategic initiatives while continuing to expand its influence in the energy market. The company has a critical role in Colombia's economy, responsible for more than 60% of the country’s hydrocarbon production and holding significant positions in logistics, transportation, and hydrocarbon refining.

In addition to its domestic operations, Ecopetrol has made strides on the international front, engaging in drilling activities within promising basins in the United States, Brazil, and Mexico. Its recent acquisition of a 51.4% stake in Interconexión Eléctrica S.A. (ISA) has further solidified its role in energy transmission and management of real-time systems across several Latin American countries.

Ecopetrol's robust network extends beyond oil and gas; it is also involved in telecommunications and vital road concessions in Chile, showcasing its diversified interests and commitment to sustainable development.

As Ecopetrol moves forward with new leadership, it remains aware of the complexities and risks inherent in the energy sector. Market conditions, regulatory changes, and economic performance will continue to play essential roles in shaping the company’s strategies and outcomes. The company maintains its focus on enhancing its competitive edge while adapting to the evolving landscape of energy production and distribution.

This transition marks an important juncture for Ecopetrol as it prepares to implement forward-looking initiatives under the guidance of Mr. Barco Muñoz. With an eye on sustainable growth and operational excellence, Ecopetrol is positioned to leverage its established capabilities while continuing to explore innovative solutions that meet the demands of the energy sector.

In conclusion, the leadership changes at Ecopetrol signify not just a shift in personnel, but a reaffirmation of the company’s strategic commitment to driving growth and maintaining its leadership role in the energy market, both at home and abroad.