Colombia's Ecopetrol names Alberto Consuegra as interim CEO
BOGOTA, March 24 (Reuters) -Colombian majority state-owned energy company Ecopetrol ECO.CN on Friday named Alberto Consuegra as its interim CEO, taking over from Felipe Bayon who stands down at the end of the month following more than five years in the top position.
Ecopetrol announced inJanuary that Bayon would leave, with his departure representing a shake-up for Colombia's biggest company and largest producer of oil.
Consuegra, an Ecopetrol veteran who currently serves as the company's chief operating officer, will take over from Bayon on April 1 and will remain in the post until a successor is named, Ecopetrol said in a statement.
"The board of directors, with support from the remuneration, appointments and culture committee, and advice from an international head hunting firm, continues to advance in the process of selecting a new president," the statement said.
Earlier this week, Saul Kattan, chairman of Ecopetrol's board of directors, told Reuters he hoped the company would be close to naming a successor by the time Bayon stands down.
Reporting by Oliver Griffin
Editing by Marguerita Choy
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
