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Ecopetrol SA's board of directors has decided to initiate a succession process for the presidency of the company, which has been held by Javier Gutierrez since 2007
The process of selecting the next president of Ecopetrol will be led by the Board of Directors, with the assistance of an international executive search firm.
The Board of Directors of Ecopetrol announces that:
- At a session held Thursday, December 11, 2014 , and in accordance with the strategic realignment under development by the company, the Board of Directors decided to initiate a succession process for the presidency of the company, which has been held by Javier Gutierrez Pemberthy since January of 2007.
- The Board Directors, which has the authority to select and name a new president, will conduct a selection process with the assistance of an international executive search firm. The Board of Directors hopes that the result of the transition and handover between the current president and his successor can be finalized and reported on at the next ordinary meeting of the Shareholder General Assembly. The company will remain under the leadership of Javier Gutierrez until the presidential succession is completed.
- The Board of Directors would like to specially acknowledge the outstanding human and professional qualities of Mr. Gutierrez as well as his achievements during his term as president. He led Ecopetrol's transformation into the Colombian company with the highest number of shareholders, and with a global presence and industry recognition. Under his direction, the company doubled hydrocarbon production, helping Colombia to become one of the top 20 oil producersin the world, and significantly increased revenues transferred to the state, allowing for more effective social investment programs in our country.