(Ecopetrol, 11.Apr.2023) — Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that its Board of Directors, in session on 11 April 2023, appointed Ricardo Roa Barragán as CEO of Ecopetrol, who will take office no later than 30 April 2023.
The evaluation and selection process of candidates was carried out with the support of the Compensation, Nomination and Culture Committee of the Board of Directors of Ecopetrol and was accompanied by an international headhunting firm specialized in recruitment of senior executives. The appointment took place after a rigorous analysis of the proposed candidates, in accordance with the Ecopetrol Chairman’s Succession Policy and other applicable regulations.
The process of selecting and appointing the new president took place in several stages. In the first instance, the headhunting firm identified a number of candidates who met the conditions defined in the profile of the position; subsequently, the firm presented a reduced number of candidates who were interviewed by the Board of Directors. Finally, after extensive deliberations, the board appointed Mr. Roa by consensus.
The new president of Ecopetrol, Ricardo Roa Barragán, is a mechanical engineer from the Universidad Nacional de Colombia and a specialist in engineering management systems from the Pontificia Universidad Javeriana, with more than 30 years of experience, leader in strategic transformations in companies of the energy sector. He has held prominent positions such as CEO of Grupo Energía de Bogotá S.A. E.S.P., Transportadora de Gas Internacional (TGI) and the General Management of Empresa Energía de Honduras EEH.