The Constitutional President of the Republic of Ecuador serves as both the head of state and head of government of Ecuador, is the highest political office in the country as the head of the executive branch of government. As per the current Constitution, the President can serve two four-year terms.Prior to that, the president could only serve one four-year term. The current President of Ecuador is Rafael Correa, first elected in 2006. Correa was re-elected to a second term in 2009, and to a third term in 2013.efore current re-elected president Rafael Correa, the last president to serve out his complete term in office was Sixto Duran Durán, ballen ballén who served from 1992. to 1996