Portuguese oil company probes anonymous tip alleging a CEO relationship


Lisbon: Galp Energia SGPS SA’s ethics committee is investigating an anonymous tip about an alleged personal relationship between chief executive officer Filipe Silva and a manager at the Portuguese oil company, online Portuguese publication Eco reports, citing people it didn’t identify.

The alleged relationship may cast doubt on the integrity of decisions made by the 60-year-old chief executive, Eco reported, citing one of the people.

In response, Silva told Eco that he knew about the tip but was unaware of its details. He denied that any personal relationship had threatened his decision-making.

The chair of Lisbon-based Galp’s ethics and conduct committee, Tito Arantes Fontes, told Eco that the firm receives various tips, without commenting on the allegation against Silva.

A spokesperson for the company declined to comment when contacted by Bloomberg.

Silva has been Galp’s chief executive since January 2023 and his term is scheduled to end in 2026.

Galp is currently carrying out exploration in the Mopane oil discovery in Namibia.

It also operates the Sines refinery in Portugal and holds stakes in offshore oil blocks in Brazil. — Bloomberg

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Galp Energia , probe , workforce

   

Next In Business News

Demand growth, new capacities to drive industrial sector
Auto sales to be bolstered by higher wages in 2025
Top Glove anticipates strong rebound in 2Q
JS-SEZ can drive Johor to become southern growth engine for economy - analysts
Itmax's Penang contract opens doors for more CCTV jobs
Australia's core inflation slows, keeping door open to Feb rate cut
Strong growth prospects in store for Swift Energy
Ringgit opens flat amid rising greenback demand
FBM KLCI recovery stalls as strong US jobs report sparks inflation fears
Trading ideas: Alliance Bank, UUE, Paragon, Nestcon, Infomina, Cypark, Itmax, Swift Haulage, KUB, MN, Coastal, Sentoria, EATech

Others Also Read