Ecopetrol maintains leadership, forms committees

BOGOTA - Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC), Colombia’s largest company with a market capitalization of $17.68 billion and a significant player in the integrated energy sector of the Americas, has announced the continuation of its current leadership and the formation of various support committees. According to InvestingPro data, the company maintains a strong financial health score of GOOD, reflecting its robust market position. Guillermo García Realpe and Mónica de Greiff Lindo will remain as Chairperson and Vice-Chairperson, respectively, of the Board of Directors, as decided in the session held on April 22 and 23, 2025.

The company has also established the composition of its support committees, which are crucial to its governance structure. The Audit and Risk Committee will be chaired by Álvaro Torres Macías, with the Business Committee led by Mónica de Greiff Lindo. Luis Felipe Henao Cardona will chair the Corporate Governance and Sustainability Committee, while the Remuneration, Appointments, and Culture Committee will be headed by Guillermo García Realpe. Angela María Robledo Gómez will chair the HSE Committee, and the Technology and Innovation Committee will be led by Ricardo Rodríguez Yee.

Ecopetrol plays a pivotal role in Colombia, overseeing more than 60% of the nation’s hydrocarbon production and holding dominant positions in petrochemicals and gas distribution. With the acquisition of a majority stake in ISA, Ecopetrol has expanded its reach into energy transmission and road concessions across the Americas. The company’s strong market position is reflected in its impressive annual revenue of $30.27 billion and EBITDA of $12.2 billion. InvestingPro analysis suggests the stock is currently undervalued, with additional insights available in the comprehensive Pro Research Report.

The announcement comes amid forward-looking statements that address the company’s growth prospects and capital funding for its business plan. The company maintains a healthy current ratio of 1.53 and offers a significant dividend yield of 22.48%. However, these projections are subject to risks and uncertainties, including market conditions, regulatory changes, and Colombia’s economic performance.

This information is based on a press release statement from Ecopetrol S.A. and is intended to provide shareholders and the market with updates on the company’s governance and leadership continuity.

In other recent news, GeoPark Limited announced the appointment of Felipe Bayon as its new Chief Executive Officer, effective June 1, 2025. Bayon, who previously led Ecopetrol to record results, brings over thirty years of experience in the oil and gas industry. This leadership transition is part of GeoPark’s strategy for growth and expansion, although specific details on Bayon’s strategy have not been disclosed. Meanwhile, Ecopetrol S.A. has filed a Form 6-K with the U.S. Securities and Exchange Commission for April 2025. The filing is a routine disclosure required of foreign private issuers and does not indicate any significant changes in the company’s operations or financial status. Ecopetrol confirmed it would continue to file annual reports under Form 20-F, adhering to SEC regulations. These filings are part of Ecopetrol’s commitment to maintaining transparency with international investors and regulatory authorities. Investors and analysts often rely on such filings for insights into the company’s activities and strategic direction.

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