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    Galp CEO Steps Down

Summary

Gomes da Silva is leaving two years before the end of his mandate

by: Joe Murphy

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Galp CEO Steps Down

Galp CEO Carlos Gomes da Silva has stepped down and will be succeeded by former Shell upstream director Andy Brown February 19, the Portuguese oil and gas company said on January 12.

Gomes da Silva is leaving two years before the end of his mandate. His departure was agreed by board chair Paula Amorim and will be voted on by shareholders at Galp's next general meeting, the company said on January 12.

The reason for his departure was not stated, although it comes as Galp looks to recover from net losses in the first, second and third quarters of last year as a result of the coronavirus pandemic's impact on markets. Gomes da Silva is also resigning as vice-chairman of the board.

Brown has over 35 years of energy sector experience, having had several management roles at Shell. He became a member of the Anglo-Dutch major's executive committee in 2012, and served as its upstream director between 2016 and 2019. Since then he has had several roles including vice chairman at SBM, advisor to McKinsey and Co and hydrogen cell aviation start-up ZeroAvia and consultant for JMJ.

Galp's activities range across the upstream, midstream and downstream sectors, and include gas supply and trading, and management of regulated gas infrastructure. Internationally it works in Spain, Brazil and several countries in Africa.