Former Shell director Andy Brown will become CEO at Portuguese oil and energy company Galp Energia from Feb. 19, the company said, with boss Carlos Gomes da Silva leaving two years before the end of his mandate.
The decision was agreed upon by Gomes da Silva and board chair Paula Amorim, and will be submitted to shareholders for approval at the company’s next general meeting, Galp said in a statement Jan. 12. It did not say why Gomes da Silva, who has been CEO since 2015, was stepping down.
Brown, who held various executive positions in countries including the Netherlands, Italy and Qatar in his 35-year career at Shell, left the company in 2019 after three years as upstream director.
The handover comes as Galp seeks to recover from steep losses during the pandemic, having reported net losses in the second and third quarters of last year.
Traditionally a refiner, the company joined the world of big oil over the past decade thanks to stakes in various major offshore oil and gas fields in Brazil.
Recommended Reading
First Solar’s 14 GW of Operational Capacity to Support 30,000 Jobs by 2026
2024-02-26 - First Solar commissioned a study to analyze the economic impact of its vertically integrated solar manufacturing value chain.
SunPower Begins Search for New CEO
2024-02-27 - Former CEO Peter Faricy departed SunPower Corp. on Feb. 26, according to the company.
M4E Lithium Closes Funding for Brazilian Lithium Exploration
2024-03-15 - M4E’s financing package includes an equity investment, a royalty purchase and an option for a strategic offtake agreement.
Bobby Tudor on Capital Access and Oil, Gas Participation in the Energy Transition
2024-04-05 - Bobby Tudor, the founder and CEO of Artemis Energy Partners, says while public companies are generating cash, private equity firms in the upstream business are facing more difficulties raising new funds, in this Hart Energy Exclusive interview.
GE Vernova Completes Spin-Off from GE
2024-04-04 - GE Vernova, an energy transition company, began trading as an independent company on the New York Stock Exchange this week.