Ecopetrol Board to Decide on CEO Roa’s Future Amid Split (1)

Ecopetrol SA’s board will meet March 30 to decide the fate of Chief Executive Officer Ricardo Roa, as pressure from politicians and workers risks paralyzing Colombia’s biggest company.

Directors are weighing conflicting demands from President Gustavo Petro, who has publicly backed Roa, and the country’s largest oil workers union, which is threatening to strike unless he is removed, according to a person with knowledge of the discussions.

In a meeting Tuesday, four of the nine board members supported ousting Roa, though no decision was reached and talks were adjourned until Monday, the person said. The split underscores the ...