#Ecopetrol #Colombia #Bogota #Luis Felipe Henao

Ecopetrol Reiterates Its Commitment to Corporate Governance

Ecopetrol S.A., a leading company in the energy sector, has recently made headlines with its announcement regarding the nomination of Mr. Luis Felipe Henao Cardona as a candidate for the Board of Directors. This nomination was put forward by the minority shareholders as part of a slate proposed by the government of Colombia. This strategic decision reflects Ecopetrol's ongoing commitment to inclusive corporate governance that considers the voices of all stakeholders, including those with minority interests.

Founded in 1951, Ecopetrol has grown to become the largest company in Colombia and a significant player in the Americas' energy landscape. With a workforce exceeding 19,000 employees, the company has established its role as a cornerstone of the Colombian economy. Responsible for over 60% of the country’s hydrocarbon production, Ecopetrol's operations span across various sectors, including logistics, refining, and petrochemicals.

Contributions to Energy Production

Ecopetrol's influence extends beyond local borders. It has a substantial presence in international energy markets, participating actively in drilling and exploration operations in key regions such as the United States, Brazil, and Mexico. With its recent acquisition of a 51.4% stake in ISA, a leading energy transmission company, Ecopetrol solidifies its position in the energy transmission and management of real-time systems in Colombia.

In addition to its hydrocarbon activities, Ecopetrol is also expanding its footprint in the renewable energy sector. The company is implementing various projects aimed at sustainability and efficiency, underlining the importance of transitioning toward greener energy solutions.

Future Outlook and Risks

The announcement also incorporated forward-looking statements, highlighting the potential risks and uncertainties that may affect Ecopetrol’s growth. Market dynamics, including fluctuating oil and gas prices, regulatory changes, and overall economic conditions in Colombia, could significantly influence the company’s operational performance and future strategies.

Management maintains that these differences in market and economic conditions could lead to actual results varying from those anticipated. Therefore, shareholders and stakeholders are reminded of the importance of staying informed and engaged with the company's performance outlook.

Conclusion

The nomination of Luis Felipe Henao Cardona serves not only as a significant milestone for minority shareholders but also illustrates Ecopetrol's dedication to maintaining a well-rounded and diverse board of directors. As the company continues to navigate the complexities of the energy industry, this step reinforces its commitment to transparency, inclusivity, and strategic growth in both domestic and international markets.

For further inquiries and detailed information, stakeholders can reach out to Ecopetrol's Investor Relations Department or the Corporate Communications office-leading engagements and updates to its diverse audience.