Abelardo de la Espriella defeated Iván Cepeda in Colombia’s presidential runoff held on Sunday, with electoral authorities completing nearly the full vote count hours after polls closed. Cepeda conceded the race on Wednesday after initially declining to accept preliminary results pending a recount. De la Espriella, a 47-year-old businessman and lawyer with no prior elected office, will begin a four-year term on August 7.