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Ecopetrol is suffering from deteriorating corporate governance while the petroleum giant is led by Colombian President Gustavo Petro's political campaign manager.

City council member Daniel Carvalho has said enough is enough, and that the mayor’s mismanagement is putting Colombia’s second largest enterprise and Medellín’s single largest municipal revenue source at grave risk.

Olga Lucia Arango, president of SINPRO, EPM's largest labor union, expresses in a letter shared with Finance Colombia, the union's grave concerns with the behavior of, and public battle between Medellín Mayor Daniel Quintero and EPM former GM Alvaró Rendón, who was both hired...

According to Rendón on radio interviews he gave with Colombian radio stations Blu Radio and W Radio, Mayor Quintero has led a hostile takeover of EPM. In the interviews, Rendón accused the mayor of attempting to install his private secretary, Camila Villamizar, on various EPM...

The board of directors then asked for a meeting with the mayor at the end of July, which they did not get. In their regular board meeting, August 12, the board of directors again asked Quintero’s secretary of economic development, Alejandro Arias for a meeting with the mayor to...

In recent weeks, the harmony of Medellin's governance with the city's civil society has been affected by a series of decisions originating from the Medellin mayor's office that interfere with the regulations and corporate governance of companies so emblematic of the city & the...

Only 8 months into his term as mayor of Medellín, tomato-throwing Daniel Quintero has managed to unite Paisas from labor unions to corporate giants against him.Multiple boards of directors have resigned, and Fitch has downgraded the city-owned utility's credit, citing 'governance...

“The recent acts under your responsibility as manager of EPM, and being mayor, as the president of its board of directors, reconfirms to me that the necessary identity of principles no longer exist to continue acting in the representation of EPM, for that I am presenting my...

Preciado took to Twitter to publicly reject the offer. Curiously these public rebukes took place after Quintero announced the appointments, leaving the question of whether he spoke to these individuals beforehand.

The decisions of Mayor Quintero and his CEO at EPM without having his Board of Directors present on one side; and on the other with a similar behavior in Route N put asunder respect for the institutions and good governance of both entities; valuable heritage of our community.