HOUSTON, TEXAS (Editors at Energy Analytics Institute, 1.Feb.2025) — The Board of Directors of Ecopetrol S.A. approved adjustments to its organizational structure on 31 Jan. 2025.
The changes aim to strengthen the management of its business lines, maintain competitive returns and segregate activities related to management from those related to execution, the Bogotá-based company said 1 Feb. 2025 in an official statement.
The changes are as follows:
— The Corporate Legal Vice Presidency now includes the function of the General Secretariat and is renamed Corporate Legal Vice Presidency and General Secretariat.
— María Cristina Toro Restrepo has been confirmed as Corporate Legal Vice President and General Secretary. This Vice Presidency reports directly to the President.
— Rafael Ernesto Guzmán Ayala has been appointed Executive Vice President of Hydrocarbons. He will continue to report directly to the President.
— The Upstream Vice Presidency is renamed to Exploration, Development, and Production Vice Presidency, led by Juan Carlos Hurtado Parra. This Vice Presidency reports directly to the Executive Vice President of Hydrocarbons.
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