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 Rui Abel Serra Martins

Rui Abel Serra Martins is Administrator at Ernst & Young, Audit & Associados – SROC, S.A. (EY). He is responsible for EY in Portugal and for carrying out audits to big national and international groups like Siemens, Jerónimo Martins, Águas de Portugal amongst others. Throughout 25 years he has exercised his profession at EY having performed contractual audits to petroleum operation in oil companies in Angola to Chevron, Exxon, Statoil and Sonangol amongst others.

Alternate member - Manuel Ladeiro de Carvalho Coelho da Mota

  

Manuel Mota is an Audit Partner at EY in Portugal, being a leader in Financial Accounting Advisory Services and internal quality control coordinator (EY Global).

He has a 19-year career dedicated to auditing, 7 of which as an Audit Partner at EY, starting as a Statutory Auditor in 2009.

As Partner he was responsible for auditing large national and international groups such as the Sonangol Group, BP and CEPSA in the energy sector (Oil & Gas and Power & Utilities).

He holds a degree in Business Management from the Universidade Lusíada de Lisboa with several technical and non-technical training courses at SNC, IAS/IFRS, US, GAAP, PCAOB, Energy (Oil & Gas & Power & Utilities), IT.

Manuel Mota does not hold shares of Galp Energia SGPS, S.A.

Powers and Operations

The current Statutory Auditor was elected at the General Meeting of 12 April 2019 for the four-year term (2019-2022), ending 31 December 2022.

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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