Galp Energia loses three members of the Board of Directors

  • ECO News
  • 26 July 2021

Galp's Board of Directors, which changed its CEO at the beginning of the year, has now lost three managers: Sofia Tenreiro, Susana Quintana-Plaza and Carlos Silva.

Galp announced on Friday the departure of three members of the company’s Board of Directors: Sofia Tenreiro, Susana Quintana-Plaza and Carlos Silva.

In a statement sent to the market, the Portuguese company said that the changes to the executive board – which now has only five members – aim to “enhance the potential of each of its activities, adopting a leaner and more agile management model.”

Sofia Tenreiro held the position of Galp’s Commercial COO (national and international) and will now be replaced by Teresa Abecasis, who led the People department. Teresa Abecasis’ name will be co-opted in the next general shareholders’ meeting, and the resignations of Sofia Tenreiro and Carlos Silva will only take effect on August 31. Despite his departure from the Board of Directors, Carlos Silva will remain in Galp, according to ECO.

As for Susana Quintana-Plaza, who was in charge of renewables and new businesses, her departure has immediate effect, with the portfolio being managed on an interim basis by the CEO himself. Galp said it has already launched a recruitment tender for the new COO of the Renewables & New Businesses unit.

“I would like to thank all resigning members for their contributions, professionalism and commitment to the Company” Andy Brown said in the statement sent to the Securities and Exchange Commission (CMVM).

Besides Andy Brown, Filipe Silva (CFO and also responsible for Investor Relations), Carlos Costa Pinta (COO Corporate Office), Thore E. Kristiansen (COO Production & Operations), who will now also be responsible for Upstream and Industry, and Teresa Abecasis (COO Commercial) make up the oil company’s executive committee.)

In this smaller executive committee, Kristiansen will thus be a kind of “super administrator”, with oversight of the entire Sines energy hub, including the green hydrogen projects already announced by the company to be developed at the site.