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Ecopetrol Names Acting President as CEO Takes Leave Starting Late May

Story Highlights
  • Ecopetrol’s board approved President Ricardo Roa’s vacation and unpaid leave covering April 7 through late June 2026.
  • Executive Vice President Juan Carlos Hurtado was appointed acting president to ensure strategic and operational continuity during Roa’s absence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ecopetrol Names Acting President as CEO Takes Leave Starting Late May

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The latest announcement is out from Ecopetrol SA ( (EC) ).

Ecopetrol’s board of directors, meeting on April 6, 2026, approved an unpaid leave of absence requested by company president Ricardo Roa Barragán, alongside a vacation period running from April 7 to May 27, 2026. The unpaid leave is scheduled to begin on May 28, 2026, and last for 30 days, temporarily removing the group’s top executive from day-to-day management during a defined window.

To ensure continuity, the board appointed Executive Vice President of Hydrocarbons Juan Carlos Hurtado Parra as acting president, leveraging his role as first alternate since November 16, 2025 and his 28 years of energy-sector experience. The company emphasized that it will continue to operate according to its corporate strategy, signaling an orderly transition aimed at minimizing operational or strategic disruption for stakeholders during this leadership absence.

The most recent analyst rating on (EC) stock is a Buy with a $16.50 price target. To see the full list of analyst forecasts on Ecopetrol SA stock, see the EC Stock Forecast page.

Spark’s Take on EC Stock

According to Spark, TipRanks’ AI Analyst, EC is a Neutral.

The score is anchored by weakening financial momentum (declining revenues/margins, softer ROE, and weaker cash conversion) and moderate leverage, partially offset by constructive price momentum and attractive valuation (low P/E and high dividend yield). Earnings call guidance was disciplined but highlighted meaningful oil-price and regulatory/tax risks.

To see Spark’s full report on EC stock, click here.

More about Ecopetrol SA

Ecopetrol S.A. is Colombia’s largest company and one of the main integrated energy players in the Americas, with more than 19,000 employees and a dominant role in the country’s hydrocarbon production, transport, logistics, and refining systems. It also holds leading positions in petrochemicals and gas distribution, and, through its majority stake in ISA, has a significant footprint in power transmission, real-time systems management, road concessions, and telecommunications across several Latin American markets, as well as upstream operations in key basins in the United States, Brazil, and Mexico.

Average Trading Volume: 3,498,005

Technical Sentiment Signal: Buy

Current Market Cap: $29.63B

For an in-depth examination of EC stock, go to TipRanks’ Overview page.

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