Ecopetrol’s corporate governance is collapsing under CEO Ricardo Roa and President Petro, threatening shareholder value and Colombia’s fiscal stability. Political interference risks long-term damage.
The future of the company will be determined by the next presidential election. It is hard to believe that the government's candidate will move toward a more pragmatic vision on energy. Additionally, the political weight of Petro will continue to be a gravitational centre in decisions, even to the point of turning against his successor's choices that are not aligned with his vision.
The future of the company will be determined by the next presidential election. It is hard to believe that the government's candidate will move toward a more pragmatic vision on energy. Additionally, the political weight of Petro will continue to be a gravitational centre in decisions, even to the point of turning against his successor's choices that are not aligned with his vision.
In case it’s of interest, a brief follow up on the matter:
👇
https://www.reyesmanuel.com/i/199834151/colombia-ecopetrols-governance-crisis-reaches-its-logical-end