ECOPETROL S.A.’S BOARD OF DIRECTORS APPROVES MEMBERSHIP OF COMMITTEES Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC; TSX: ECP) reports that the Board of Directors has approved the membership of its internal committees, which will be the following: Audit Committee • Roberto Steiner Sampedro, President • Joaquín Moreno Uribe • Jorge Pinzón Sánchez • Luis Fernando Ramírez, (for the period 2014-2015 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 • Director of the National Planning Department • Gonzalo Restrepo López • Roberto Steiner Sampedro • Horacio Ferreira Rueda • Jorge Pinzón Sánchez Compensation and Nomination Committee • Minister of Finance and Public Credit • Minister of Mines and Energy • Gonzalo Restrepo López • Luis Fernando Ramírez Businesses Committee • Minister of Mines and Energy • Minister of Finance and Public Credit • Director of the National Planning Department • Gonzalo Restrepo López • Joaquín Moreno Uribe • Horacio Ferreira Rueda Bogota, February 24, 2014 |
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Ecopetrol is Colombia’s largest integrated oil & gas company, where it accounts for more than 60% of total production. It is one of the top 50 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 refinery in Colombia, most of the network of oil and multiple purpose pipelines in the country, petrochemical plants, and an increasing 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
Email:investors@ecopetrol.com.co
Media Relations (Colombia)
Mauricio Téllez
Phone: + 571-2345377
Fax: +571-2344480
Email:mtellez@ecopetrol.com.co
Website:www.ecopetrol.com.co
