Latest news and stories about corporate news in Portugal for expats and residents.
TAP Air Portugal has appointed José Eduardo Moreira as its new Chief Operating Officer. He succeeds Mário Chaves, who resigned from the position earlier this month, and brings decades of experience from his previous roles within the airline's maintenance and engineering departments.
Volvo Cars announced this Friday that it will cut an additional 2,500 jobs, mostly in Sweden, after recording a sharp deterioration in operating losses, which caused shares to fall by nearly 30%. Owned by the Chinese group Geely, the Swedish automaker reported an operating loss of 3.7 billion...
EDP, Novobanco, NOVA FCT and REN are among the finalists for the 2026 edition of the European Excellence Awards, a European competition for public relations and communication. The awards distinguish the best communication projects and professionals in Europe and are considered one of the main international benchmarks in the sector.
Sumol+Compal, a Portuguese non-alcoholic beverage company, now has Sérgio Leal as its director of innovation. The former McDonald's executive took on the role in September, according to his LinkedIn profile. Sérgio Leal, who spent nearly 20 years at McDonald's, the last seven as director of marketing and communication, left the company...
Porsche wants to increase the price of its most exclusive vehicles and reduce its cost structure to recover profitability, as reported by the Wall Street Journal (subscription required). The strategy of Michael Leiters, who took over as CEO in January, combines new top-of-the-range models with staff cuts and changes.
Satisfied with the decision announced this Wednesday, Lufthansa states it intends to continue its internationalisation strategy. The Air France-KLM group is disappointed but commits to trying to increase its presence in Portugal.
ActivoBank has appointed Raquel Mendes as marketing director, a position held by Andreia Teixeira since 2019. The appointment comes a month after Andreia Teixeira was promoted to executive board member at ActivoBank, overseeing marketing, communications, transformation and innovation, experience design, and digital sales. 'I believe in the energy we put into challenges...'
Salis is getting ready to expand its operations internationally.
Gonçalo Santos Lopes has been reappointed as the Country Manager for Visa in Portugal.
Pedro Costa, who until recently was a senior advisor at the lobbying agency Harmon, has recently taken on the role of director of external communications and institutional relations for the Barraqueiro group, which includes companies such as Fertagus, Rede Nacional de Expressos (RNE), and Metro Transportes do Sul (MTS) in its portfolio.
The until-now chief executive of the Sonae group will move to chair of the Board of Directors, being replaced by the company's chief financial officer.
Crédito Agrícola marks its 115th anniversary with the launch of the new institutional campaign “O Banco de CÁ” (The Bank from HERE), which travels across mainland Portugal and the islands to portray stories of several of its clients. The creative concept is based on the double meaning of the expression “CÁ” (HERE), as a place of belonging and proximity, and simultaneously as the bank's signature.
After two years leading the company, Filipe Silva stepped down due to an affair with the legal director - whose identity CM now reveals.
Step by step, the BPCE is implementing changes at Novobanco, which was acquired in April for 6.7 billion euros. Part of these more visible changes will involve the new faces joining the board. Mark Bourke remains as CEO, but now has a new head of the financial department. Teresa Mora-Grenier was the name chosen for...
Portugal Sotheby’s International Realty has appointed Carolina Afonso as director of marketing and technology, and she will also join the company's executive committee. Carolina Afonso has developed a professional career marked by leading digital transformation and innovation projects and processes, combining a strong strategic component with extensive experience in implementation.
Manager Sofia Correia de Barros takes over as executive leader of LeYa, succeeding Ana Rita Bessa. Bessa will join the board of directors as a non-executive member. With a background in Applied Mathematics to Economics and Management from ISEG, Correia de Barros has held leadership roles at McKinsey & Company, José de Mello Saúde, the Pestana Hotel Group, and Diaverum. The LeYa publishing group, acquired by the Dutch company Infinitas Learning in 2022, also recently appointed editor Diogo Madre Deus as the new editorial director for General Editions.
João Marques da Cruz is the new executive administrator of the António Pargana Foundation (FAP). The former president of EDP Brasil, who took office this Wednesday as executive administrator of the FAP, will have the mission of developing new areas of action and new projects that the Foundation intends to implement. According to a statement from the FAP, the entry...
The airline group has appointed a new leader for the Iberian market as the competition to acquire TAP Air Portugal intensifies.
Retrato is an ECO column in which, throughout the month of August, a profile of a personality who distinguished themselves in the last year in Portugal is published daily. The last year was a rollercoaster for Carlos Mota Santos. In 2025, he saw Mota-Engil's order book exceed 16 billion for the first time.
Ana Maria Lopes has been appointed as the new General Manager for Microsoft's operations in Portugal.
Diogo Gioia has been appointed as the new general manager for Coca-Cola's operations in Portugal.
Pharol has signed an addendum to its agreement with Oi regarding obligations from the 2015 Contingency Letter, receiving 5.1 million euros. The company informed the Portuguese Securities Market Commission (CMVM) that the escrow account established in 2020 has been closed, with the funds transferred to Pharol to cover potential and probable tax contingencies. The remaining balance of approximately 2.8 million euros will be transferred to Oi. Pharol stated that the transaction has no impact on its financial results and that Oi remains responsible for tax contingencies classified as remote. The bankruptcy of Oi has no financial repercussions for Pharol.
Danone Portugal appoints a new head of human resources.
Commander and manager Mário Chaves will remain as Chief Operations Officer at TAP until the end of August, after which he will head to Azerbaijan.
