Galp CEO Steps Down Following Ethics Investigation
(Reuters) - Portuguese oil company Galp Energia said on Tuesday that Chief Executive Filipe Silva had resigned following a company investigation into an anonymous complaint about an alleged personal relationship between him and a company manager.
Galp said the CEO has notified Chairwoman Paula Amorim of his resignation "for family reasons."
The new executive leadership will be announced in the coming days, it said in a statement.
On Saturday, economic website ECO reported that Galp's ethics committee was reviewing alleged conflicts of interest due to a close and personal relationship, which "had been kept secret," with the female executive who reports to the CEO.
Galp's code of conduct requires personal relationships to be communicated to the company's ethics committee when potential conflicts of interest are involved.
Silva has worked at Galp for the last 12 years and was chosen as CEO in January 2023 for a four-year term due to end in late 2026.
Galp's main business is extracting oil and gas from a rich offshore field in Brazil. The company also runs the Sines refinery in Portugal and renewable energy plants.
(Reporting by Sergio Goncalves; Editing by Richard Chang)
