New Executive Vice President of Exploration and Production Appointed at Ecopetrol
October 05, 2010 at 20:35 PM EDT
BOGOTA, Colombia, Oct. 5 /PRNewswire-FirstCall/ -- Ecopetrol S.A. (NYSE: EC; BVC: ECOPETROL; BVL: EC; TSX: ECP) ("Ecopetrol" or the "Company"), has appointed Hector Manosalva Rojas as Executive Vice President of Exploration and Production. Mr. Manosalva Rojas replaces Nelson Navarrete, who retired from the company.
Mr. Manosalva Rojas, who is a petroleum engineer, graduated from the Fundacion Universidad de America, and completed post-graduate studies in Finance at the Universidad EAFIT and in Executive Management at the Universidad de los Andes.
Mr. Manosalva Rojas joined Ecopetrol in 1986. Over the course of his career at Ecopetrol, Mr. Manosalva Rojas has served as Chief of Production, Head of the Division of Planning, Production Manager of the South Region, Director of Corporate Social Responsibility, Advisor to the Office of the President of the Republic for the Protection of Energy Infrastructure, Production Manager of the Central Region and, most recently, as Vice President of Production.
Ecopetrol is Colombia's largest integrated oil & gas company, where it accounts for 60% of total production. It is one of the top 40 oil companies in the world and the fourth largest oil company in Latin America. The Company is also involved in exploration and production activities in Brazil, Peru and the United States Gulf Coast, and owns the main refineries in Colombia, most of the network of oil and multiple purpose pipelines in the country, petrochemical plants, and it is entering into the biofuels business.
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.
SOURCE Ecopetrol S.A.