Galp CEO to step down at end-year after two years in post

The CEO of Portugal’s Galp Energia, Andy Brown, has informed the board that he will step down at the end of the year, when the current term concludes, the company announced on Monday in a note published via Portugal’s Securities Markets Commission, the CMVM, that said it expected to name a new CEO before then.

Brown replaced Carlos Gomes da Silva as Galp CEO in January 2021 after the latter’s resignation.

In a statement quoted in the note, Brown highlights that he had accepted “with great honour the invitation to complete the 2019-2022 mandate with the aim of preparing the Company for a successful future in times of great challenges for the industry.

“During my time as CEO, I have dedicated myself to deliver our purpose – Let’s Regenerate the Future Together – transforming Galp to a more open, dynamic and profitable company, adapting to the cleaner energies of the future,” the statement continues. “A path only possible with the extraordinary work carried out by the talented people at Galp and the support of the Board of Directors.”

For her part, the chair of Galp’s board, Paula Amorim, also cited in the note from the company, thanked Brown for his “leadership of our Executive Committee, the inspiring cohesion and excellent work done in restructuring the Company to grow and transform its portfolio to lead in the energy transition, facilitating the future execution of Galp’sstrategy as defined by the Board of Directors.”

Before taking over at Galp, Brown had spent some three decades working for Royal Dutch Shell.