After the harsh warnings made by the president-elect, Gustavo Petro, regarding the formation of the board of directors of Ecopetrol, the current head of state, Ivan Duke, He assured that the modifications that were made in March of this year were the result of a consulting process and “it was not done to screw someone.”
(In context: Hard warning from Gustavo Petro by Ecopetrol directive)
The president stated that he does not want to generate any disagreement with Petro, since he argued that if the incoming government wants to remove Ecopetrol’s board of directors, it can do so through an extraordinary assembly or through an ordinary assembly that would be held in March 2023. .
Duque assured that Ecopetrol, one of the most important companies in Colombia, “is a heritage of Colombians.”
Also, in an interview with the radio Blue Radiowas emphatic in saying that the formation of the board of directors does not suggest that “someone is going to be screwed”, since there is the possibility that the next government as the largest shareholder can call a meeting and execute the changes it deems pertinent.
(Keep reading: Gustavo Petro recommends Colombians not to buy dollars)
“The modifications made by the adopted board, following a consulting process, were not that they sat down one day to make decisions regarding the corporate governance structure, but a long, extensive consultancy was carried out and he suggested that the company take that step, with the best international standards, and so it was done. But not to screw someone,” said Duque in dialogue with the aforementioned media.
It should be mentioned that Duque’s response comes following Petro issued a strong warning regarding the formation of Ecopetrol’s board of directors.
“Don’t hold us back. The popular vote is a mandate. I want to produce a consensus, but not bend the popular vote that wants clean energy (…) The public owner freely chooses its members in the companies that represent it. It is the representation of the people Petro said as a direct message to Ecopetrol.
(Also: ‘Tax justice is peace’: Gustavo Petro)
Therefore, Duque expressed that following the pronouncements of the president-elect “a storm has been armed by some people where there is none,” since he considers that the relevant issue is that Ecopetrol, as a national asset, continue to have stability in the oil market. country and abroad, as it is listed on the stock exchange.
In addition, the outgoing president pointed out that the incoming government can make the changes, but warned that the markets are susceptible “to possible uncertainty”, therefore, Duque considers that any signal that is contrary to the company might have immediate effects. in the valuation of the action in the markets.
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