GALP CEO announces he is stepping down
Outgoing GALP CEO Andy Brown criticised the government's plans to help families through the energy crisis days before announcing he was standing down. Image: LUSA

GALP CEO announces he is stepping down

Andy Brown quits Portugal’s leading energy company after just two years

CEO of Portugal’s Galp Energia, Andy Brown, has informed the board he will be stepping down at the end of the year, when his current term concludes, the company has announced today in a note published via Portugal’s CMVM Securities Markets Commission, which says it expects 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 said 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. A path only possible with the extraordinary work carried out by the talented people at Galp and the support of the Board of Directors.”

Galp’s chairman of the board Paula Amorim, also cited in the note from the company, has 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’s strategy as defined by the Board of Directors.”

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