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Appointments at Ecopetrol

BOGOTA, Oct. 6 /PRNewswire-FirstCall/ -- As part of its corporate strategy, and in an effort to consolidate the team of people it needs to reach the goals it has established by 2015, Ecopetrol (NYSE: EC) has appointed a new Vice President of Production and a new Vice President of Transportation.

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Hector Manosalva Rojas, a Petroleum Engineer, has been appointed as Vice President of Production. He is a graduate of the Fundacion Universidad de America, has a specialization in Finance from the Universidad Eafit, and studied Executive Management at the Universidad de los Andes. Manosalva Rojas joined Ecopetrol in 1986 and has held a number of positions over the course of his career at Ecopetrol, including Head of the Division of Planning, Production Manager in Putumayo, Director of Corporate Social Responsibility, Advisor to the Office of the President of the Republic for the Protection of the Energy Infrastructure, and finally Production Manager of the Central Region for the Office of the Vice President of Production, a position he has held until this new appointment.

Alvaro Castaneda Caro, a Matallurgical Engineer, has been appointed as Vice President of Transportation. He is a graduate of the Universidad Libre de Colombia and has been working with the Office of the Vice President of Transportation for the past 20 years. He has a specialization in International Management of Oil and Gas and a Master's in Administration from the Universidad Autonoma de Bucaramanga and the Instituto Tecnologico de Monterrey. Castaneda has held a number of positions over the course of his career at Ecopetrol, such as Maintenance Engineer, Plant Coordinator, Head of the Operations Department and Chief of the Centralized Operations Department, and finally Manager of the Multiple Purpose Pipelines, a position he is leaving in order to fulfill his new appointment as the Vice President of Transportation.

Ecopetrol is Colombia's largest integrated oil company and is among the top 40 oil companies in the world and the four largest oil companies in Latin America. Besides Colombia, where it accounts for 60% of total production, the Company is involved in exploration and production activities in Brazil, Peru and the United States (Gulf of Mexico). Ecopetrol has the principal refinery in Colombia, most of the network of oil and multiple purpose pipelines in the country, and it is considerably increasing its participation in biofuels.

This release contains forward-looking statements relating to the prospects of the business, estimates for operating and financial results, and those related to growth prospects of Ecopetrol. These are merely projections and, as such, are based exclusively on the expectations of management concerning the future of the business and its continued access to capital to fund the Company's business plan. Such forward-looking statements depend, substantially, on changes in market conditions, government regulations, competitive pressures, the performance of the Colombian economy and the industry, among other factors; therefore, they are subject to change without prior notice.

    Contact us for any additional information:
    Investor Relations
    Alejandro Giraldo
    Phone: +571-234-5190

    Media Relations (Colombia)
    Mauricio Tellez
    Phone: + 571-2345377
    Fax: +571-2344480


SOURCE Ecopetrol S.A.

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