Andy Brown, the Chief Executive Officer (CEO) of Portuguese oil and gas company Galp that's also now present in the renewables space, has announced his decision to step down from his position by December 31, 2022, after working with the company for less than 2 years.
Brown joined Galp on February 5, 2021 and since then has been responsible for strategy & sustainability, communications and corporate social responsibility (CSR), safety, corporate secretary, among others. He has also been serving as the vice-chairman of Galp's Board of Directors.
He worked with another oil and gas behemoth Shell for 35 years across various functions and international locations in senior positions.
Brown has communicated to the Galp board his decision to end his mandate by the end of December 2022. "I have accepted with great honor 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," said Brown.
"I would like to express my appreciation to Andy Brown for the 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", said Chairman of Galp's Board of Directors, Paula Amorim.
Before the year end, Galp board will announce new executive leadership.
The Portuguese company aims to expand its renewable energy generation portfolio to over 4 GW gross operating capacity by 2025, scaling it up to 12 GW by 2030 from 963 MW it has operationalized at the end of 2021.
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