Ricardo Roa refuses to leave Ecopetrol: goes on vacation until after elections, amid scandals

Ecopetrol president Ricardo Roa proposed in an extraordinary board meeting to take seven weeks of vacation and one month of unpaid leave...

Ricardo Roa refuses to leave Ecopetrol: goes on vacation until after elections, amid scandals

TL;DR

  • Ecopetrol president Ricardo Roa will take a temporary leave of absence, including vacations and unpaid leave, until June 28th.
  • The decision was approved by Ecopetrol's board of directors amidst political tensions and scrutiny surrounding Roa.
  • Juan Carlos Hurtado will take over Roa's responsibilities during his absence.
  • The temporary departure aims to mitigate financial and reputational impacts on the company.
  • President Gustavo Petro has publicly questioned the board's decision, attributing it to political pressures.
  • There are differing versions regarding the cancellation of a meeting between Roa and President Petro, involving potential implications with US authorities and corporate governance.