Ecopetrol Board Reviews Labor Union Request to Remove CEO Ricardo Roa Barragán

Key Facts

1Ecopetrol's Board of Directors held a meeting on March 24, 2026, to discuss various issues.

2The company received a request from the USO labor union to remove Ricardo Roa Barragán from his position as President.

Ecopetrol’s Board of Directors convened on March 24, 2026, to address critical administrative matters following a formal challenge to its leadership. The meeting was prompted by a request from the USO labor union seeking the removal of Ricardo Roa Barragán from his position as President of the company. This leadership dispute introduces significant uncertainty regarding corporate governance and operational stability for the Colombian energy giant. The board is currently reviewing the union's communication to determine the necessary steps and evaluate potential impacts on institutional strategy. Market analysts indicate that internal friction and labor pressure typically weigh on stock performance and investor confidence. As the situation unfolds, stakeholders remain cautious about the potential for a management shakeup and its broader implications for Ecopetrol’s market valuation.