Australia markets close in 5 hours 18 minutes
  • ALL ORDS

    7,273.20
    +13.70 (+0.19%)
     
  • ASX 200

    7,026.90
    +6.30 (+0.09%)
     
  • AUD/USD

    0.6981
    -0.0004 (-0.05%)
     
  • OIL

    90.49
    -0.27 (-0.30%)
     
  • GOLD

    1,805.20
    0.00 (0.00%)
     
  • BTC-AUD

    34,134.34
    +605.28 (+1.81%)
     
  • CMC Crypto 200

    556.80
    +13.92 (+2.56%)
     
  • AUD/EUR

    0.6847
    -0.0001 (-0.01%)
     
  • AUD/NZD

    1.1111
    +0.0005 (+0.05%)
     
  • NZX 50

    11,719.61
    +16.81 (+0.14%)
     
  • NASDAQ

    13,159.16
    -48.54 (-0.37%)
     
  • FTSE

    7,482.37
    +42.63 (+0.57%)
     
  • Dow Jones

    32,832.54
    +29.04 (+0.09%)
     
  • DAX

    13,687.69
    +113.79 (+0.84%)
     
  • Hang Seng

    20,045.77
    -156.13 (-0.77%)
     
  • NIKKEI 225

    28,132.12
    -117.12 (-0.41%)
     

Resignation of Ecopetrol's Board Member

  • Oops!
    Something went wrong.
    Please try again later.
·3-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

BOGOTÁ, Colombia, June 8, 2022 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) informs that Juan Emilio Posada Echeverri resigned as an independent member of the Board of Directors of the Company on June 6, 2022.

Ecopetrol Logo. (PRNewsFoto/Ecopetrol S.A.)
Ecopetrol Logo. (PRNewsFoto/Ecopetrol S.A.)

-----------------------------------------

Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 18,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector. This press release contains business prospect statements, operating and financial result estimates, and statements related to Ecopetrol's growth prospects. These are all projections and, as such, they are based solely on the expectations of the managers regarding the future of the company and their continued access to capital to finance the company's business plan. The realization of said estimates in the future depends on the behavior of market conditions, regulations, competition, the performance of the Colombian economy my and the industry, among other factors, and are consequently subject to change without prior notice.

This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward -looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements.

For more information, please contact: 

Head of Capital Markets 
Tatiana Uribe Benninghoff 
Email: investors@ecopetrol.com.co

Head of Corporate Communications 
Mauricio Téllez 
Email: mauricio.tellez@ecopetrol.com.co

Cision
Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/resignation-of-ecopetrols-board-member-301564483.html

SOURCE Ecopetrol S.A.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting