Galp CEO Resigns Amid Ethics Probe at Portuguese Oil Firm
- Company says it will announce new leadership in coming days
- Galp’s core strategy is unlikely to change significantly: BI
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Galp Energia SGPS SA Chief Executive Officer Filipe Silva resigned after just two years in the role as the Portuguese oil company conducts a probe into an alleged personal relationship.
Silva, 60, leaves with immediate effect and Galp will announce new executive leadership in the coming days, it said in a regulatory filing late Tuesday. The shares slipped as much as 0.6% at the open on Wednesday.