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Galp appoints interim Co-CEOs following CEO resignation

editor by editor
January 11, 2025
in Mining, Oil & Gas
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Galp has announced the appointment of Maria João Carioca, Chief Financial Officer (CFO), and João Diogo Marques da Silva, Executive Vice President (EVP) of Commercial, as interim co-Chairmen of the Executive Committee (CEOs).

The decision, made unanimously by the Board of Directors, follows the resignation of Filipe Silva as Chief Executive Officer and Vice-President of the Board, citing family reasons.

Silva’s departure cuts short his four-year term, initially set to run until late 2026.

Maria João and João Diogo will assume their new roles while continuing in their current capacities. The remaining Executive Committee members—Georgios Papadimitriou, Ronald Doesburg, and Rodrigo Vilanova—will maintain their existing responsibilities.

In addition, the company has co-opted Nuno Holbech Bastos, former Director of Galp’s Strategy & M&A division, as a member of the Board of Directors and the Executive Committee. Pending shareholder ratification at the next Annual General Meeting, Bastos will oversee the Upstream division at the Board level.

“Maria João’s professional seniority and solid financial acumen, combined with João Diogo’s deep integration into our business culture and decades of dedicated service, create a balanced and powerful partnership,” said Paula Amorim, Chairman of the Board of Galp.

“I am confident that this co-leadership will drive our company forward whilst maintaining a well-defined strategic path.”

The leadership changes come as Galp marks a significant milestone in its Namibian operations. In partnership with NAMCOR (Namibia’s National Petroleum Corporation) and Custos Energy, Galp successfully drilled and logged the Mopane-2A well in Petroleum Exploration Licence 83 (PEL 83) within the Orange Basin, Namibia.

Galp holds an 80% stake and operates the project.

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