General Shareholders' Meeting announces its decision on the composition of the Board of Directors

BOGOTA, Colombia, March 26, 2015 /CNW/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) announces the composition of its Board of Directors since March 26th, 2015:

Representatives from the Government of Colombia:

  • Minister of Finance and Public Credit (currently Mr. Mauricio Cardenas)
  • Minister of Mines and Energy (currently Mr. Tomas Gonzalez)
  • Director of the National Planning Department (currently Mr. Simon Gaviria)

Independent representatives:

  • Gonzalo Restrepo Lopez
  • Joaquin Moreno Uribe
  • Jorge Gabino Pinzon Sanchez
  • Luis Fernando Ramirez Acuna
  • Horacio Ferreira Rueda (representative from the hydrocarbons producing provinces)
  • Roberto Steiner Sampedro (representative of the minority shareholders)

Ecopetrol is the largest company in Colombia and is an integrated oil & gas company; it is among the top 50 oil companies in the world and among the top four in Latin America. Besides Colombia - where it generates over 60% of the national production - it has exploration and production activities in Brazil, Peru & the US (Gulf of Mexico). Ecopetrol owns the largest refinery in Colombia and most of the pipeline and multi-product pipeline network in the country, and is significantly increasing its participation in bio-fuels.

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 and Section 21E of the U.S. Securities Exchange Act of 1934. 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 further information, please contact:

Investor Relations Director (A)
Claudia Trujillo
Phone: +571-234-5190
e-mail: investors@ecopetrol.com.co

Media Relations (Colombia)
Jorge Mauricio Tellez
Phone: +571-234-4329
Fax: +571-234-4480
e-mail: mauricio.tellez@ecopetrol.com.co

Logo - http://photos.prnewswire.com/prnh/20090209/ARM001LOGO

SOURCE Ecopetrol S.A.


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