Economy

Felipe Bayón will be at Ecopetrol until December 31after seven years with the company, initially as executive vice president and then as president, since September 2017.This news caused the value of his share to fall on the Colombian Stock Exchange (BVC) and a great expectation followed to find out who his replacement will be, that an international firm will look for him. The title yesterday closed at 2,607 pesos, with a fall of 3.19 percent.(Also read: Former Mining Director makes delicate revelations about oil report) Bayon assured that his departure was agreed and it had nothing to do with the…

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After it was learned this Thursday that Felipe Bayón will be in charge of Ecopetrol until March 31, the executive referred to this decision for the first time and assured that it was agreed. "We managed to have that conversation with the board of directors and reach an agreement point"said.Furthermore, he stated that "institutions and organizations must be preserved in life. People come and go and it is important in life to close cycles, and what better way than to leave with the satisfaction of having fulfilled your duty, having been part of Ecopetrol's transformation."(Read also: Ecopetrol: the departure of…

As a result of the rise that energy rates continue to register in the country, President Gustavo Petro announced yesterday that, temporarily and directly, will not delegate its functions to the commissions for the regulation of public servicesat least for a time."I am going to assume control, the general administration policies of Colombia, directly and personally, based on what the Law itself says: first, the general interest and that of the user," he said.(You may be interested in: Political reactions to Petro's announcement about regular services) He assured that his decision is based on article 370 of the Constitution and…