Filipe Silva elected new executive chairman of Galp

Galp has selected Filipe Silva, the current Chief Financial Officer (CFO), as the group’s new Executive President (CEO), he said in a Securities Market Commission (CMVM) statement.

In a note, the group said the manager, who has served as chief financial officer since 2012, will replace Andy Brown for the period from January 1, 2023 until the next general meeting (GM) of shareholders.

The Galp statement also said its major shareholder, Amorim Energia, intends to propose to AG that Filipe Silva remain as CEO for the 2023-2026 term.

“Galp announces that its board of directors has unanimously decided to appoint Filipe Silva, the company’s chief financial officer since 2012, “to succeed Andy Brown as chairman of the executive committee (CEO) for the period from January 1, 2023 until the next general meeting. shareholders,” he said.

“Furthermore, Galp’s major shareholder, Amorim Energia BV, has informed the company that it intends to include Filipe on the list to be presented to the next CEO for the election of the Board of Directors for the 2023-2026 term, suggesting that Filipe continue to chair Galp’s executive committee,” – emphasized in the same group.

“Filipe is an experienced manager with extensive experience in the company and in the energy markets and I am confident that this succession will best enable Galp to keep its growth and transformation path in line with certain strategic guidelines,” said Paula Amorim, Chairman of the Board of Directors of Galp, cited in the same note.

As such, “From January 1, 2023 until the date of the next GM and until the composition of the executive team for the next term is determined, Filipe is expected to accumulate both the functions of CEO and CFO,” the company said.

According to a profile posted on the Galp website, Filipe Silva, 58, has been with Galp since 2012, having worked his way through various administrative positions as CFO.

Prior to that, he worked at Deutsche Bank in Portugal, where he served as CEO. With a degree in economics and financial management, he holds a master’s degree in financial management from the Catholic University of America in Washington, DC.

On Oct. 3, Galp Executive Chairman (CEO) Andy Brown informed the board of directors that his term will end on Dec. 31, the company said in a note published in CMVM in October.

In the note, Galp said it expects to announce new executive leadership before the end of the year.

Andy Brown stressed, quoted in the note, that he “accepted with great honor the invitation to complete the 2019-2022 mandate to prepare the company for a successful future at a time of great challenges for the sector.”