Galp Energia SGPS SA stated Filipe Silva resigned as chief government officer of the Portuguese oil firm for household causes.
The resignation can have quick impact and Galp will announce the brand new government management within the coming days, the Lisbon-based firm stated in a regulatory submitting on Tuesday evening.
Portuguese information web site Eco on Jan. 3 reported that Galp’s ethics committee was investigating an nameless tip about an alleged private relationship between CEO Silva and a supervisor on the firm. In response, Eco reported that Silva denied that any private relationship had threatened his decision-making.
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A Galp spokesman stated on Tuesday evening that the ethics committee’s investigation is ongoing and declined to make additional feedback on the probe. The spokesman stated Silva declined to remark.
Galp will choose a brand new CEO because it’s finishing up exploration within the Mopane oil discover in Namibia, which the corporate final yr described as a probably “vital” discovery. Galp additionally holds stakes in offshore blocks in Brazil and operates the Sines refinery in Portugal. It adopted different bigger oil producers in increasing in renewable vitality and has about 1.5 gigawatts of era capability, largely photo voltaic tasks.
“I want to emphasize the contribution Filipe has made to the corporate over the past 12 years, a interval throughout which his dedication was vital for Galp’s progress,” Chairman Paula Amorim stated within the assertion. “Galp’s government committee stays within the palms of a extremely certified staff that can make sure the execution and implementation of the corporate’s technique.”
Silva, 60, had been Galp’s CEO since January 2023 and his time period was scheduled to finish in 2026. He was beforehand chief monetary officer on the firm, having began in that function in 2012. Earlier than becoming a member of Galp, Silva was the top of Deutsche Financial institution in Portugal.
Amorim Energia BV, a enterprise managed by Chairman Amorim’s household and partly owned by Angolan oil agency Sonangol EP, is Galp’s greatest shareholder with a 37 % stake. Portuguese state holding firm Parpublica owns 8.2 % of Galp.
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