Galp CEO and Vice-President Resigns

Filipe Silva, the Chief Executive Officer (CEO) and Vice-President of the board of directors of Portugal’s oil and gas company Galp, has tendered his resignation from both positions. The Portuguese firm announced that Silva decided to step down for family reasons on January 7, 2025. The resignation took immediate effect, with Galp planning to announce the new executive leadership in the coming days.

Chairwoman of Galp’s Board of Directors, Paula Amorim, acknowledged Silva’s significant contribution to the company over the last 12 years. She stated, “I would like to emphasise the contribution Filipe has made to the Company over the last 12 years, a period during which his dedication was important for Galp’s growth. Galp’s Executive Committee remains in the hands of a highly qualified team, that will ensure the execution and implementation of the company’s strategy.”

Silva had been serving as the CEO since January 1, 2023, after previously holding the position of Chief Financial Officer (CFO) from July 2012 to May 2023. Prior to his tenure at Galp, he was the CEO of Deutsche Bank in Portugal. Silva is a graduate of Economics and Financial Management and holds a Masters’ Degree in Financial Management from the Catholic University of America, Washington D.C.

This announcement comes on the heels of Galp’s recent success in its exploration and appraisal (E&A) program in license PEL 83 offshore Namibia. At the end of December, the company discovered more light oil and gas condensate in the second of up to four wells within the program. The well was drilled using Saipem’s Santorini drillship.