Ecopetrol Names Alfonso Camilo Barco Muñoz Acting CEO as Juan Carlos Hurtado Parra Retires
EC has more than doubled off its 52-week low of $8.57.
Summary
Ecopetrol announced that Acting CEO Juan Carlos Hurtado Parra will retire effective September 15, 2026, and the board has appointed Alfonso Camilo Barco Muñoz, currently Corporate VP of Finance and Sustainable Value, as Acting CEO.
Key Events · Executive and Board Changes · EC
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Acting CEO Retirement
Juan Carlos Hurtado Parra, who most recently served as Acting CEO and previously as Executive VP of Hydrocarbons, will retire effective September 15, 2026, under a retirement plan approved in July 2026.
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New Acting CEO Appointed
The board appointed Alfonso Camilo Barco Muñoz as Acting CEO effective September 15, 2026. He currently serves as Corporate VP of Finance and Sustainable Value and has over 35 years of senior executive experience in investment banking, corporate finance, and energy.
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Leadership Continuity
Barco Muñoz also serves as an alternate legal representative of Ecopetrol S.A., providing continuity in legal and financial oversight during the transition.
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Strategic Context
The transition follows Ecopetrol's completion of its US$1.2 billion acquisition of a controlling 51% stake in Brava Energia in August 2026 and a 235% year-over-year increase in Q2 2026 net income to COP 6.1 trillion.
Analysis · EC · Energy & Transportation
Ecopetrol's leadership transition is now official: Juan Carlos Hurtado Parra, who had been serving as Acting CEO, retires effective September 15, 2026, and the board has appointed Alfonso Camilo Barco Muñoz as his successor. Barco Muñoz brings 35 years of senior executive experience in investment banking, corporate finance, and energy, and currently serves as Corporate VP of Finance and Sustainable Value. The change comes amid a period of significant strategic activity — the company recently completed its US$1.2 billion acquisition of a controlling stake in Brava Energia and reported a 235% surge in Q2 net income — so continuity of leadership matters for execution. The appointment of an internal finance executive as Acting CEO suggests a focus on capital discipline and integration, though the 'Acting' title leaves open the possibility of a permanent external hire.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 29.9% of the 1678 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.25%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, EC was trading at $17.68 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $36.5B. The 52-week trading range was $8.57 to $18.19. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.