Hector Manosalva Appointed Second Alternate President of Ecopetrol S.A.
November 17, 2010 at 09:00 AM EST
BOGOTA, Colombia, Nov. 17, 2010 /PRNewswire-FirstCall/ -- At a session of the Board of Directors of Ecopetrol. S.A. ("Ecopetrol" or the "Company") (NYSE: EC; BVC: ECOPETROL; BVL: EC; TSX: ECP) held on November 12, 2010, Engineer Hector Manosalva, current Executive Vice President of Exploration and Production of the Company, was appointed second alternate President of the Company. Engineer Manosalva replaced Engineer Nelson Navarrete, who retired from the Company. Also, Engineer Pedro Rosales, current Executive Vice President of Downstream of the Company, was confirmed as first alternate.
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.