Ecopetrol board member Vélez Galeano resigns effective today

Colombian oil company Ecopetrol announced that Hildebrando Vélez Galeano has resigned from his position on the company's Board of Directors. The resignation took effect today, as confirmed by the corporation in a press release issued on Sunday. Ecopetrol's Bylaws permit the Board to proceed with deliberations and decision-making with the remaining members.

The company has not disclosed the exact number of board members or the number remaining after Vélez Galeano's departure. Neither the press release nor any other source provided the reason for his resignation or information on how the company will proceed in filling the vacancy. Ecopetrol is Colombia's largest corporation, involved in various sectors including hydrocarbon production, transportation, refining, petrochemicals, and gas distribution.

The company owns a 51.4% stake in ISA and maintains operations in the United States, Brazil, and Mexico.