After several months of speculation, Ecopetrol reported that the engineer Felipe Bayón Pardo will be in charge of the company until March 31, 2023, the day on which the General Shareholders’ Meeting is traditionally held each year.

He was the president of the Colombian oil company since September 2017. The board of directors gave him special recognition for the achievements made during his management.

The selection and appointment process of the new president of Ecopetrol by the board of directors «would be based on a rigorous selection process, in accordance with the Succession Policy of the president of Ecopetrol.»

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Ecopetrol highlighted that during his tenure the company obtained excellent operating and financial results that provided significant benefits in terms of energy sovereignty and more resources to close the social gaps in the country, always having people’s lives as a principle.

«His leadership was highlighted for turn ecopetrol into a diversified energy group benchmark in the American continent, committed to the energy transition, with a robust long-term strategy for 2040 ‘Energy that Transforms’ that fully responds to current environmental, social and governance challenges to continue growing in a sustained and profitable manner» said.

Under the direction of Felipe Bayón, the Ecopetrol Group also became a pioneer in the region by setting a goal of reducing net carbon emissions to zero by 2050, as well as the design and implementation of its strategic plan for development Delaware low emission hydrogen. He drove a deep technological transformation to streamline processes in the company and was a champion of diversity and inclusion programs.

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He also led the acquisition of 51.4 percent of the shares of ISAone of the most relevant transactions in the western hemisphere in 2021 with already visible results in decarbonization and electrification.

During his administration important offshore gas research such as Gorgon-2 and Uchuva-1 which ratified the existence of a gas province in the Caribbean Sea that is essential to preserve the country’s energy sovereignty in the future and the expansion of the capacity of the Cartagena Refinery will be completed to meet the growing demand for refined products. It also led a comprehensive program to raise the quality of fuels to international standards.

Its direction was essential to face the most complex international situations in recent years, such as the price crisis derived from the covid-19 pandemic, under the highest industrial safety standards and to meet the country’s demand for fuel for its operation.