Ecopetrol S.A. Updates Board of Directors as Mr. Vélez Resigns

Updates from Ecopetrol S.A. Board of Directors

Ecopetrol S.A., a major player in the global energy sector, has announced changes to its Board of Directors as of September 15, 2026. This update follows the resignation of Mr. Hildebrando Vélez Galeano, who expressed his intention to step down from his position effective immediately.

The company expressed gratitude towards Mr. Vélez for his significant contributions during his tenure, particularly emphasizing his leadership in environmental matters and his steadfast commitment to fostering relationships with local communities. His efforts have marked a notable impact on the company’s approach to corporate responsibility and sustainability.

Ecopetrol remains steadfast in its strategic objectives, reaffirming that the Board of Directors is adequately equipped to continue its deliberations and decision-making processes with the remaining members. This reflects the resilience and stability of the company, which is pivotal to Colombia’s economy.

Ecopetrol is recognized as the largest enterprise in Colombia and one of the prominent integrated energy corporations in the Americas, employing over 19,000 people. It plays a crucial role in hydrocarbon production, accounting for more than 60% of the country’s output. Its operations extend to encompass transportation, logistics, and refining systems. Moreover, the company has enhanced its portfolio through the acquisition of a 51.4% stake in Interconexión Eléctrica S.A. (ISA), extending its influence into energy transmission, real-time system management, and the operation of key infrastructure projects such as the Barranquilla–Cartagena highway concession.

Ecopetrol is not just focused on local operations; it has also made significant strides in international markets. Through its drilling and exploration activities in the United States, Brazil, and Mexico, the company has established a strong presence in pivotal energy basins. Additionally, it holds robust positions in power transmission across Brazil, Chile, Peru, and Bolivia, further diversifying its operational footprint.

The company’s commitment to growth and sustainability is underscored by its strategic maneuvers in various sectors, including the petrochemicals and gas distribution markets. The management remains optimistic about overcoming market fluctuations, regulatory changes, and economic shifts that may affect operations.

It is important to note that the statements made in this release may include forward-looking insights that involve a degree of risk. The corporate landscape is influenced by numerous factors, such as market prices, exploration, and production activities, and any fluctuations in these may lead to outcomes that differ from projections.

As Ecopetrol continues to evolve, it seeks to maintain open communication with its stakeholders, emphasizing transparency and accountability in all business dealings. Investors and interested parties can expect to see ongoing updates as the company progresses and addresses the dynamics of the changing energy market.

For inquiries related to this announcement or further information about the company and its operations, the Investor Relations Office is available for contact. Ecopetrol looks forward to amplifying its community engagement initiatives and fostering sustainable practices as it navigates the future of energy in Colombia and beyond.