Galp selected Filipe Silva, the current chief financial officer (CFO) as the group’s new executive president (CEO), he said in a statement to the Securities Market Commission (CMVM).
In the note, the group says the manager, who has held the position of CFO since 2012, will succeed Andy Brown for the period between January 1, 2023 and the next general meeting (AG) of shareholders.
In the statement, Galp also revealed that its main shareholder, Amorim Energia, plans to propose to the AG that Filipe Silva remain in the position of CEO during the 2023-2026 term.
“Galp announces that the Board of Directors has unanimously decided to appoint Filipe Silva, the company’s CFO since 2012, to succeed Andy Brown as Chairman of the Executive Committee (CEO) for the period between January 1, 2023 and the next general meeting of shareholders,” he said.
“In addition, the main shareholder of Galp, Amorim Energia BV, has informed the company that it intends to include Filipe in the list that will be submitted to the next general meeting of shareholders for the election of the board of directors for the term 2023 -2026, and proposes that Filipe continue to lead Galp’s executive committee,” the group stressed in the same note.
“Filipe is an experienced manager, with extensive experience in the company and in the energy markets and I am sure that this succession will best enable Galp to continue its path of growth and transformation, in line with the strategic guidelines set said Paula Amorim, chairman of Galp’s board of directors, quoted in the same note.
Thus, “between January 1, 2023 and the date of the next GM, and until the composition of the executive team for the next term is determined, Filipe is intended to cumulate both the CEO and CFO roles,” the company said.
According to a profile published on Galp’s website, Filipe Silva, age 58, has been with Galp since 2012, having gone through several administrations, as CFO.
Prior to that, he worked at Deutsche Bank in Portugal, where he held the position of CEO. He holds a degree in economics and financial management and a master’s degree in financial management from the Catholic University of America in Washington DC.
On Oct. 3, Galp’s executive chairman (CEO) Andy Brown informed the Board of Directors that he will end his term on Dec. 31, the company announced in October in a note published in the CMVM.
In that note, Galp said it expects to announce the new executive leadership before the end of the year.
Andy Brown, quoted in the note, emphasized that he “accepted with great honor the invitation to complete the 2019-2022 mandate with the aim of preparing the company for a successful future at a time of great industry challenges.”
Source: DN
