Medical leave, vacation time and unpaid leave will keep Ricardo Roa away from Ecopetrol through late July

The board of directors of Ecopetrol, Colombia’s largest oil and energy company, announced the postponement of unpaid leave previously granted to its president, Ricardo Roa Barragán, due to a 30-day medical leave taken by the executive. The decision was disclosed by the state-controlled company in an official statement issued May 27, 2026.

According to the company, the unpaid leave, initially scheduled to begin May 26 for a 30-day period, will take effect once both Roa’s medical leave and his remaining vacation period have concluded, meaning it is now expected to begin June 27.

If the schedule remains unchanged, Roa Barragán would return to Ecopetrol in late July, just one week before Colombia’s next president is sworn in on August 7, 2026, and gains the authority to appoint new leadership at the state-owned oil company.

Read Ecopetrol Announces Temporary Leave for President Ricardo Roa Amid Investigations by Colombia’s Attorney General’s Office by Finance Colombia.

The rescheduling extends Roa Barragán’s temporary absence during a sensitive period for Colombia’s largest state-controlled company, amid a government transition and growing scrutiny over its corporate stability.

The vacations and unpaid leave had previously been approved by Ecopetrol’s board as an institutional response to tensions surrounding Roa Barragán’s continued tenure. While labor unions, minority shareholders and various public voices had called for his removal, President Gustavo Petro publicly maintained his support.

Read The petroleum workers called for Ricardo Roa’s head following formal influence-peddling charges filed by Colombia’s Attorney General’s Office.

The board also decided to keep Juan Carlos Hurtado as acting president of Ecopetrol. Hurtado has served as executive vice president of hydrocarbons since November 2025.

So far in 2026, Colombia’s Attorney General’s Office has formally charged Roa Barragán in two separate cases: one involving alleged influence peddling by a public official, linked to purported benefits obtained in the purchase of an apartment in Bogotá, and another involving alleged violations of campaign spending limits in the 2022 “Petro Presidente” presidential campaign, for which he served as campaign manager.

Read Ecopetrol President Ricardo Roa Charged Over Alleged Campaign Spending Violations in Petro’s Presidential Campaign.

So far, no judicial conviction has been issued in either case, and the executive retains the presumption of innocence.

Under the revised schedule, Roa Barragán is expected to remain away from Ecopetrol’s presidency during part of the electoral period and presidential transition, ahead of the eventual handover to the administration elected in Colombia’s May 31 elections.

Roa had already been administratively sanctioned by Colombia’s electoral authority over campaign spending violations, with the case now advancing in the Attorney General’s Office

Ricardo Roa Barragán, president of Colombia’s state-owned oil and energy company Ecopetrol, has been formally charged by the Attorney General’s Office (FGN) over his alleged responsibility in a case involving violations of campaign spending limits tied to President Gustavo Petro’s 2022 presidential campaign, which Roa managed.

The charging hearing took place Monday, May 11, during which Roa pleaded not guilty. The case will continue through the investigative stage, and no conviction has been issued against him.

This marks the second criminal case facing the executive. On March 11, 2026, prosecutors also charged Roa with alleged influence peddling involving a public official. Both investigations remain ongoing.

Read: The charge adds to a separate investigation over alleged violations of campaign finance limits during President Gustavo Petro’s 2022 presidential campaign.

The latest charges come weeks after Ecopetrol’s board authorized Roa to take vacation leave followed by unpaid leave through June 28, 2026, after Colombia’s presidential elections conclude.

The decision means Roa would return to the company only to participate in the transition process with the team designated by Colombia’s next president, who will take office on August 7, 2026.

Read: Ecopetrol Announces Temporary Leave for President Ricardo Roa Amid Investigations by Colombia’s Attorney General’s Office” by Finance Colombia.

Under Articles 396A and 396B of Colombia’s Criminal Law, individuals found responsible for receiving, administering or allowing prohibited campaign funds may face prison sentences ranging from four to eight years, in addition to fines and disqualification from holding public office if convicted.

Roa, however, retains the presumption of innocence while the judicial process continues.

Investigation into campaign financing

The case stems from the 2022 “Petro Presidente” campaign, which Roa Barragán managed. The matter had already resulted in administrative sanctions from Colombia’s National Electoral Council (CNE), which concluded that the campaign exceeded legal financing limits.

The Attorney General’s Office also said it identified alleged inconsistencies in the campaign’s financial reporting, claiming that first-round expenses were reported during the second round and vice versa.

As a result of that administrative investigation, the CNE referred the case to the Attorney General’s Office, which is responsible for conducting criminal investigations.

According to a statement from prosecutors, collected evidence suggests that campaign spending limits “were exceeded by $1.388 billion COP (around $370,000 USD) during the first presidential round and by $276 million COP ($73,000 USD) during the runoff.”

Prosecutors said the allegedly unreported or improperly reported expenses were linked to “hotel press conferences, breakfasts, loans, transportation, logistics, food services, financing for campaign-closing events, advertising materials and union contributions.

The investigation formally began in 2025 after the CNE determined there were possible irregularities involving campaign spending caps.

Petro defends Roa

President Gustavo Petro again defended Roa and questioned the basis of the judicial investigation.

“The Attorney General’s Office is repeating the same thing as the compromised CNE: that expenses incurred after the legal campaign period ended, such as the costs parties incur for election monitors to protect votes (…) are campaign expenses. Their so-called overspending is not overspending,” Petro wrote on X.

The president argued that several of the questioned expenditures took place after election day, when, according to his interpretation, the campaign had already formally concluded.