On April 25, 2012, Galp Energia SGPS SA appointed local entrepreneur Americo Amorim as new chairman to replace Murteira Nabo. the company announced that the board's deputy chairman will be Manuel Ferreira De Oliveira who will also keep the executive post at Galp. Another new members in the board are Vitor Bento, Carlos Costa Pina and Baptista Sumbe.