Establishment of the Business Committee of the Board of Directors of Ecopetrol S.A.

BOGOTÁ, June 13, 2022 /PRNewswire/ — Ecopetrol S.A. (BVC: ECOPETROL NYSE: EC) informs that, offered the resignation of Juan Emilio Posada Echeverri from the Board of Directors of the firm, the board, in its session on June 9, 2022, authorized the new users of the Organization Committee, which is fashioned as follows:

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

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

Enterprise COMMITTEE

  • Carlos Gustavo Cano

  • Hernando Ramirez

  • Sergio Restrepo

  • Esteban Piedrahita

  • Cecilia Maria Velez

Take note: In bold is the Director who chairs the Committee.

Ecopetrol is the biggest corporation in Colombia and a person of the principal built-in strength corporations in the American continent, with more than 18,000 personnel. In Colombia, it is dependable for extra than 60% of the hydrocarbon creation of most transportation, logistics, and hydrocarbon refining devices, and it retains primary positions in the petrochemicals and fuel distribution segments. With the acquisition of 51.4% of ISA’s shares, the company participates in energy transmission, the administration of serious-time systems (XM), and the Barranquilla – Cartagena coastal highway concession. At the worldwide amount, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration functions in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, by means of ISA and its subsidiaries, Ecopetrol holds foremost positions in the electrical power transmission business enterprise in Brazil, Chile, Peru, and Bolivia, highway concessions in Chile, and the telecommunications sector. This push launch is made up of small business prospect statements, functioning and fiscal consequence estimates, and statements connected to Ecopetrol’s expansion potential clients. These are all projections and, as these types of, they are primarily based solely on the expectations of the supervisors with regards to the foreseeable future of the firm and their ongoing access to capital to finance the company’s company approach. The realization of explained estimates in the future depends on the conduct of market place problems, laws, competitors, the efficiency of the Colombian overall economy my and the marketplace, among the other variables, and are for that reason topic to modify with out prior notice.

This launch incorporates statements that could be viewed as forward-looking statements in just the that means of Segment 27A of the U.S. Securities Act of 1933, as amended, and Portion 21E of the U.S. Securities Exchange Act of 1934, as amended. All ahead-searching statements, whether created in this launch or in potential filings or press releases or orally, deal with issues that involve risks and uncertainties, which include in respect of the Company’s prospective buyers for expansion and its ongoing obtain to capital to fund the Company’s organization approach, among other individuals. For that reason, improvements in the subsequent elements, amongst other folks, could induce precise results to vary materially from individuals integrated in the forward -wanting statements: sector price ranges of oil & gasoline, our exploration, and production functions, marketplace circumstances, relevant polices, the exchange rate, the Firm’s competitiveness and the overall performance of Colombia’s financial system and sector, to point out a couple of. We do not intend and do not think any obligation to update these ahead-seeking statements.

For a lot more information, please make contact with: Head of Cash Markets

Tatiana Uribe Benninghoff
E mail: [email protected]

Head of Company Communications

Mauricio Téllez
Electronic mail: [email protected]



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