Statutory Auditor

The Statutory Auditor carries out the legal review and certification of Galp´s accounts.

Composition

Permanent member - Ernst & Young Audit & Associados, SROC, S.A., represented by Pedro Covelo Silva

Pedro Covelo Silva is a Partner at Ernst & Young, Audit & Associados – SROC, S.A. (EY), where he serves as the Energy & Natural Resources Leader in Portugal and as a Global Subject Matter Expert for the Oil & Gas industry.
Over two decades with EY, he has developed extensive experience leading audit engagements for major energy groups in Portugal and internationally, including Shell, Eni, TotalEnergies, and Sonangol.
Pedro Covelo Silva holds a degree in Economics from Nova School of Business and Economics and a Global Executive MBA from INSEAD.

Alternate member - Luís Pedro Magalhães Varela Mendes

Luís Pedro Magalhães Varela Mendes is partner of Ernst & Young, Audit & Associados – SROC, S.A. (EY), leader of the Financial Accounting and Financial Services in Portugal and of Capital Markets services in Portugal, also being member of the Professional Practice Group da EY.

He is responsible for managing and coordinating various audit projects for major national and international groups, such as CTT, HP, Dia Minipreço and Vision Box.

He has a vast experience in auditing Private Equity Investment Companies, namely in groups listed on Euronext Lisbon.

Luís Mendes holds a Bachelor in Economics by the Universidade Nova de Lisboa and has a Master in Finance by the Universidade Católica Portuguesa.

Powers and Operations

The current Statutory Auditor was elected at the General Meeting of 3 May 2023 for the four-year term (2023-2026), ending 31 December 2026.

The Audit Board proposes the Statutory Auditor, which cannot be a part of the Audit Board, to the General Shareholders Meeting, pursuant to the By-laws.

The Statutory Auditor´s duties and responsibilities include carrying out all the checks and examinations necessary for the review and legal certification of the Company’s accounts, as well as exercise other powers assigned by law.

Remuneration

The Statutory Auditor is remunerated for the work of review and legal certification of the accounts of the Company in an amount that is contractually set under normal market conditions.

Read more about Galp´s Governing Bodies

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