Ecopetrol Confirms Senior Management Transition as Retirement Plan Takes Effect

## Ecopetrol Confirms Senior Management Transition Colombian state-owned energy giant Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) has announced a change in its senior leadership ranks, confirming that executive Juan Carlos Hurtado Parra will conclude his tenure with the company on September 15, 2026, according to a PR Newswire release issued by the Bogotá-based firm. The departure follows a retirement plan that was granted and formally approved in July 2026 by mutual agreement between Hurtado Parra and the company, signalling an orderly and pre-planned leadership transition rather than an abrupt executive exit. Ecopetrol is one of Latin America's largest integrated energy companies and a significant player in regional oil and gas production, refining, and transportation infrastructure. The company's operations have direct relevance to maritime trade flows in the Caribbean and along South America's Atlantic and Pacific coastlines, where crude oil and refined product exports represent a substantial portion of tanker activity. While Ecopetrol has not yet publicly named a successor to Hurtado Parra's role, the structured nature of the transition suggests continuity in the company's strategic direction. Leadership stability at major national oil companies is closely watched by shipping and energy markets, as executive decisions at firms of Ecopetrol's scale can influence export volumes, terminal investment priorities, and long-term chartering strategies. Ecopetrol's export operations, including crude shipments from Colombia's Caribbean ports such as Coveñas, are a key source of cargo for tanker operators active in the region. Any shifts in corporate strategy or production targets resulting from management changes could have downstream implications for vessel demand on relevant trade routes. Further details regarding the scope of Hurtado Parra's responsibilities and the company's succession plans are expected to be communicated through official regulatory filings and investor relations channels in the coming weeks. *Source: PR Newswire / Ecopetrol S.A.*