Sala de Prensa // Organización Bancolombia

Board of Directors

According to the amendment to the by-laws of Bancolombia approved on March 1, 2010 by the shareholders at the General Shareholders’ Meeting, the Board of Directors of Bancolombia is composed of nine (9) directors, each elected for a two-year term, with no alternate directors being provided for. The Directors must be accepted by the Superintendency of Finance, with regard to their professional performances and credit history. The current members of the Board of Directors, appointed on March 1, 2010, are as follows:


	José Alberto Vélez Cadavid He was born in 1950. He has been the President of Inversiones Argos S.A. since August 2003 and of Cementos Argos S.A. since December 2005. He has held several management positions at Suramericana de Seguros S.A. since 1984 including Vice President of Marketing and Sales, Vice President of Investments, Vice President of Enterprise Development and President of Inversura S.A. and Suramericana de Seguros S.A. Currently Mr. Vélez Cadavid is also a member of the board of directors of Suramericana de Inversiones S.A., Grupo Nacional de Chocolates S.A. and Calcetines Crystal S.A.