Press Release: Ecopetrol Advances Its Transformation with Changes to Its Senior Management Team

Dow Jones10-01 19:00

BOGOTÁ, Colombia, Oct. 1, 2026 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) (the "Company" or "Ecopetrol") announced today that its Board of Directors, at a meeting held on September 30, 2026, approved the appointment of three new members of senior management, as part of the Company's ongoing strategy to strengthen key capabilities for its next phase of development.

   -- Mónica Jiménez González a ppointed Corporate Vice 
      President of Legal Affairs and General Secretary. Mónica 
      Jiménez González will join Ecopetrol as Corporate Vice 
      President of Legal Affairs and General Secretary, effective no later than 
      October 6, 2026.Ms. Jiménez brings more than 20 years of experience 
      in business strategy, corporate law, corporate governance, international 
      arbitration and sustainability across Latin America and Canada, with a 
      career focused on the energy sector. Her professional background includes 
      defining and implementing business strategies through an integrated 
      approach to business objectives and value creation.From 2016 to 2022, Ms. 
      Jiménez served as the Company's Corporate Vice President of 
      Corporate Affairs and General Secretary, where she led the Ecopetrol 
      Group's corporate governance initiative. As a member of senior management, 
      she supported the Board of Directors in strategic decision-making and 
      oversaw the Company's communications and sustainability agendas.She has 
      also served as General Counsel, Chief Strategy, Sustainability and Legal 
      Officer of GeoPark Ltd. (NYSE), an independent oil and gas exploration 
      and production company with operations across Latin America. Most 
      recently, she served as Principal for Latin America at ICR within its 
      Governance & Shareholder Advisory practice, advising boards of directors 
      and senior management teams on capital markets matters, strategic 
      positioning, corporate governance, shareholder engagement and complex 
      corporate situations. Her experience also includes mergers and 
      acquisitions, hostile takeover defense and international commercial 
      arbitration.Ms. Jiménez holds a law degree from Universidad de los 
      Andes, a specialization in law from Universidad Externado de Colombia, 
      and a Master's degree in Economic Development from the London School of 
      Economics. She has also completed executive education programs in 
      corporate governance and board leadership at Harvard Business School and 
      Kellogg Executive Education. 
   -- Mauricio Gutiérrez appointed Corporate Vice President of Strategy 
      and New Business. Mauricio Gutiérrez will join Ecopetrol as 
      Corporate Vice President of Strategy and New Business, effective no later 
      than October 6, 2026.Mr. Gutiérrez holds a degree in Business 
      Administration from Pontificia Universidad Javeriana, a master's degree 
      in International Management from IE Business School, and executive 
      education credentials from Harvard University and Stanford University. He 
      brings more than 15 years of experience in investment banking, the oil 
      and gas industry and corporate finance.He previously served as Managing 
      Partner of GVC Capital, an investment holding company with interests in 
      the construction, energy, automotive and retail sectors, where he 
      structured and negotiated mergers and acquisitions transactions and 
      investment agreements and developed valuation models supporting such 
      transactions.Mr. Gutiérrez has also led the investment banking and 
      corporate finance practice at CEDEM, advising hydrocarbon companies and 
      their shareholders on acquisition and valuation processes. He has held 
      leadership positions at Colombia's Office of the Comptroller General, 
      where he oversaw the monitoring of National Government resources, and has 
      worked with ProColombia and private equity funds, supporting companies 
      and international investors entering the Colombian market.Mr. 
      Gutiérrez has served on the boards of directors of companies across 
      multiple industries, contributing to strategic planning and investment 
      decisions. He is also a columnist for La República and other 
      national media outlets, writing on energy policy, regional development 
      and economic affairs. 
   -- Camilo Rojas appointed Corporate Vice President of Administration and 
      Services. Camilo Rojas will join Ecopetrol as Corporate Vice President of 
      Administration and Services, effective no later than October 6, 2026. Mr. 
      Rojas is an attorney with more than 20 years of experience in senior 
      public-sector leadership, government procurement and institutional 
      integrity.He previously served as Acting Minister of Justice and Law and 
      as Deputy Minister for Criminal Policy and Restorative Justice at 
      Colombia's Ministry of Justice and Law, where he led national policies to 
      combat money laundering, terrorist financing and asset forfeiture. During 
      his tenure, Colombia's first National Criminal Policy Plan (2021) was 
      approved.As Secretary General of the Ministry, he oversaw procurement, 
      acquisitions, public works and human capital management. He also led the 
      justice digitalization project financed by the Inter-American Development 
      Bank (IDB), implemented in accordance with multilateral development bank 
      procurement and accountability standards.His career also includes service 
      as Acting Director of USPEC (the National Prison and Penitentiary 
      Services Unit), roles within the Legal Advisory Office of Colombia's 
      National Hydrocarbons Agency (ANH), and appointments as an adjunct judge 
      of the Administrative Tribunal of Cundinamarca, the National Electoral 
      Council and the Criminal Chamber of the Superior Tribunal of Bogotá. 
      He has also led the law firm Rojas Fiallo Consultores y Abogados 
      Asociados.In his new role, Mr. Rojas will lead the Company's procurement 
      and supply chain processes under the highest standards of rigor, 
      transparency, ethical conduct and integrity.Mr. Rojas holds a law degree 
      from Universidad Sergio Arboleda, master's degrees in law from 
      Universidad Sergio Arboleda and in Criminal Sciences from the University 
      of Salamanca (Spain), and specializations in Public Law and in Criminal 
      and Criminological Sciences. 

With these appointments, Ecopetrol is renewing its senior leadership team to advance its transformation agenda, strengthen its strategic capabilities and deliver sustainable long-term value for its stakeholders.

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

Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 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 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:

Investor Relations Office

Email: investors@ecopetrol.com.co

Corporate Communications (Colombia)

Email: _noticias@ecopetrol.com.co

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