#Ecopetrol #Colombia #Bogota #Ricardo Roa

Recent Decisions by Ecopetrol's Board of Directors

Ecopetrol S.A., Colombia's largest company and a significant player in the energy sector across the Americas, has made a pivotal decision regarding the leadership of its organization. During a universal meeting held on May 28, 2026, the Board of Directors announced the postponement of the unpaid leave of the Chief Executive Officer, Ricardo Roa Barragán. This decision comes in light of a medical leave communicated by Roa Barragán on May 26, 2026.

Originally, the CEO's unpaid leave was slated to commence today, May 28, for a duration of 30 days. However, due to the unexpected medical leave, the start date has now been shifted to June 27, 2026, when the CEO is expected to complete his medical assessment and any remaining vacation time. This extension underscores the Board's consideration for the health and well-being of its executive leadership.

In conjunction with this announcement, the Board has chosen to maintain Juan Carlos Hurtado Parra as the acting CEO during this interim period. Hurtado Parra, who serves as the First Alternate to the Chief Executive Officer, will continue to guide the company as it advances its strategic objectives. Ecopetrol is committed to its growth agenda and aims to strengthen its international portfolio, despite the temporary leadership change.

Ecopetrol holds a commanding position in Colombia, being responsible for over 60% of hydrocarbon production and influencing various sectors, including transportation, logistics, and refining systems. The company is also a key player in the petrochemical and gas distribution markets.

Notably, Ecopetrol has diversified its interests, as evidenced by its acquisition of 51.4% of ISA's shares. This move enhances its engagement in energy transmission and real-time system management, as well as significant infrastructural projects such as the Barranquilla - Cartagena coastal highway concession. Furthermore, Ecopetrol has established a presence in strategic basins across the Americas, particularly in the United States, Brazil, and Mexico.

The company is also making inroads into the power transmission sectors in various countries, including Brazil, Chile, Peru, and Bolivia, along with infrastructural developments in the telecommunications industry in Chile. These moves emphasize Ecopetrol's commitment to expanding its reach and influence throughout the Americas.

Forward-looking statements contained in this announcement recognize the potential for market fluctuations, compliance with regulations, and broader economic factors to impact the company's performance. Ecopetrol acknowledges the inherent risks and uncertainties that could lead actual outcomes to diverge from current projections. This proactive communication aligns with the company's transparency objectives while delivering timely updates on its operational adjustments.

In conclusion, Ecopetrol is positioned to navigate through this period of leadership transition with confidence while advancing its strategic initiatives. Stakeholders, including investors and employees, can expect continued focus on innovation and operational excellence, even amidst changes in the executive landscape.