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Ecopetrol S.A.'s Board of Directors Approves Membership of Committees

BOGOTA, Colombia, April 22, 2015 /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) hereby reports that the Board of Directors has approved the membership of its internal committees, which will be the following:

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Risk and Audit Committee

  • Roberto Steiner Sampedro, Chairman
  • Horacio Ferreira Rueda
  • Jorge Pinzon Sanchez
  • Luis Fernando Ramirez A., (for the period 2015-2016 as financial-accounting expert in accordance with SOX Law requirements)

All of these are Independent members of the Board of Directors

Corporate Government and Sustainability Committee

  • Minister of Finance and Public Credit
  • Gonzalo Restrepo Lopez
  • Roberto Steiner Sampedro
  • Horacio Ferreira Rueda
  • Jorge Pinzon Sanchez, Chairman

Compensation and Nomination Committee

  • Minister of Finance and Public Credit
  • Minister of Mines and Energy
  • Gonzalo Restrepo Lopez, Chairman
  • Luis Fernando Ramírez

Businesses Committee

  • Minister of Mines and Energy
  • Minister of Finance and Public Credit
  • Gonzalo Restrepo Lopez
  • Joaquin Moreno Uribe, Chairman
  • Horacio Ferreira Rueda

Ecopetrol is the largest company in Colombia and is an integrated oil and gas company; it is among the top 40 oil companies in the world and among the top four oil companies 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) and Angola. Ecopetrol owns the largest refinery in Colombia, 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 and gas, our exploration and production activities, market conditions, applicable regulations, the exchange rate, Ecopetrol'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

Media Relations (Colombia)
Jorge Mauricio Tellez
Phone: + 571-234-4329
Fax: +571-234-4480

To view the original version on PR Newswire, visit:

SOURCE Ecopetrol S.A.

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