ISA President Gutiérrez To Head Up Ecopetrol

Javier Gutiérrez Pemberthy will become the new head of Colombian state-run oil concern Ecopetrol from January 18, its board of directors confirmed Monday. Gutiérrez is currently head of another state-run enterprise – Colombia’s largest energy provider, Interconexión Eléctrica SA (ISA). ISA has gone from strength to strength in its strategy of regional expansion, buying into the Brazilian and Peruvian markets this year. Gutiérrez is seen as an executive with plenty of experience to oversee Ecopetrol’s share offering some time next year and to help expand the company.