Ecopetrol modifies its management structure

Ecopetrol reports that, in accordance with the Ecopetrol Group’s strategy and as part of its consolidation and transformation process, the company has modified its management structure to be more aligned with the company’s growth and competitiveness expectations.

The Executive Vice Presidency of Operations will report directly to the Presidency and will be composed of the Vice Presidency of Development and Production, the Vice Presidency of Exploration, the Vice Presidency of Refining and Industrial Processes, the Vice Presidency of Projects and Engineering, the Vice Presidency of Operations and Transportation Maintenance, the Colombian Petroleum Institute (ICP), Management of Operational Planning and Management of HSE.

The Commercial and Marketing Vice Presidency will also report directly to the Presidency of the Company. As part of these structural changes, the Executive Vice Presidency of Strategy and Finance (VEF) will be created and will report directly to the Presidency of the Company, and will be composed of the Vice Presidency of Human Talent, the Financial Vice Presidency, the Vice Presidency of Strategy and Transformation, the Vice Presidency of New Business, the Digital Vice Presidency and Regulatory Strategy Management.

The Executive vice Presidency of Strategy and Finance will be led by María Fernanda Suárez Londoño, the Vice Presidency of New Businesses will be led by Juan Manuel Rojas Payán and the Financial vice Presidency will be led by Jaime Caballero Uribe.

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