MEDELLIN, Colombia, May 22 /PRNewswire-FirstCall/ -- At the meeting held today, the Board of Directors of Bancolombia S.A. ("Bancolombia") decided that the Audit Committee will consist of three members of the board, and consequently elected the following directors:
Francisco Moncaleano Botero
Carlos Raul Yepes Jimenez
Alejandro Gaviria Uribe
Mr. Alejandro Gaviria Uribe and Mr. Francisco Moncaleano Botero are independent members of the Board of Directors. Pursuant to U.S. applicable laws for foreign private issuers, Mr. Alejandro Gaviria Uribe will serve as the financial expert for the Audit Committee.