Ecopetrol Forms Crisis Committee, Changes Compliance Director Alberto Vergara Amid Financial Risks; President Ricardo Roa Defends Management

Ecopetrol, Colombia's state oil company, is facing financial challenges that have prompted the potential establishment of a 'Comité de Crisis de Caja' to address immediate financial obligations. This development follows investigative reports revealing new details about the company's internal affairs, referred to as 'los papeles de Ecopetrol.' In response to the situation, Ecopetrol announced changes in its senior management, including the departure of Alberto Vergara from the position of Corporate Compliance Director, with a temporary replacement appointed. Meanwhile, Ricardo Roa, the company's president, has publicly defended his management amid circulating rumors about his possible departure.