Galp looking for new leader as CEO steps down ‘for family reasons’

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 shared the news that the former CEO Filipe 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.

“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,” noted Paula Amorim, Chairwoman of Galp’s Board of Directors.

Silva held the CEO position since January 1, 2023. He was the company’s Chief Financial Officer (CFO) from July 2012 to May 2023. Before joining 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, both from the Catholic University of America, Washington D.C.

This follows the news from the end of December that the Portuguese firm found more light oil and gas condensate in the second of up to four wells within its current exploration and appraisal (E&A) program in license PEL 83 offshore Namibia. The well was spud using Saipem’s Santorini drillship.