AmCham president tipped for Galp board

 In News

The former CEO of Cisco Portugal and president of the American Chamber of Commerce in Portugal, Sofia Tenreiro, is tipped to occupy a top position at Portugal’s energy company Galp.

According to some Portuguese news sources Tenreiro will be responsible for Galp’s commercial and marketing areas

Tenreiro will join Adolfo Mesquita Nunes, Cristina Fonseca and Susana Quintana on the board of the Portuguese petrol and gas company, positions which were approved by the shareholder Amorim Energia.

The names were published on Wednesday by the Portuguese securities commission CMVM and will be voted on by shareholders at the annual general assembly on 12 April.

Sofia Tenreiro had occupied her position as CEO of US systems company Cisco since January 2015.

The AmCham president tendered her resignation last month and the reasons have not been made public. The executive is known for her discretion and low-profile attitude toward the press.

Her departure from Cisco was announced as follows in an official statement from the company: “After four years heading Cisco Portugal as CEO, Sofia Tenreiro will pursue fresh professional opportunities outside Cisco. An announcement as to her successor will be made shortly. Cisco wishes to thank Sofia for her leadership and various contributions towards the company.”

When appointed to Cisco Portugal in January 2015 one of her missions was to grow the company in the Portuguese market by investing in areas such as the Internet of Things according to online business daily Dinheiro Vivo

Market developments and the international importance of cybersecurity was another priority for the executive.

It was under Tenreiro’s leadership that the company signed a partnership with the Government in 2018 to assist Portugal’s digital transformation. The agreement is valid for two years and was signed as part of a wider package of reforms – National Reforms Programme.

Adolfo Mesquita Nunes will be the non-executive board member of Galp according to the newspaper Expresso.

He had served as Secretary of State for Tourism in the Pedro Passos Coelho PSD-CDS-PP coalition a few years ago and is currently a leading political light on the right-of-centre conservative CDS party.

Another non-executive board member appointment goes to Cristina Fonseca, the co-founder of Talkdesk and venture partner in Indico Capital Partners.

Carlos Pinto, who is part of the executive commission of Sonangol – the exclusive licensee for exploration of oil and gas on the continental shelf off Angola – and Edmar Fagundes de Almeida, an economist specialising in energy are also tipped.

Susana Quintana-Plaza who headed technology and innovation for E.On will head innovation, new technologies and renewable energy.

The new board will be: Paula Amorim (President), Carlos Gomes da Silva, Filipe Crisóstomo Silva, Thore Kristiansen, Carlos Costa Pina, José da Siva Costa, Sofia Tenreiro, Susana Quintana-Plaza, Miguel Athayde Marques, Marta Amorim, Francisco Teixeira Rêgo, Carlos Carvalho Pinto, Luís Todo Bom, Jorge Seabra de Freitas, Rui Costa Cunha e Silva Gonçalves, Diogo Rodrigues Tavares, Edmar Fagundes de Almeida, Cristina Fonseca and Adolfo Mesquita Nunes.