Pharol appoints Bernardo Amado as chief executive and confirms Moreira RatoPhoto by Jerichovien Macaraig on Pexels
Business

Pharol appoints Bernardo Amado as chief executive and confirms Moreira Rato

Eco28 August 2026 at 18:20

Pharol announced this Friday that the board of directors decided to assign the role of chief executive to Bernardo Amado, and confirmed that João Moreira Rato received the green light from the banking regulator to serve as chairman. Bernardo Amado and Moreira Rato thus replace Palha da Silva, who led Pharol for about a decade, after the sale of the Meo operator to Altice. The new management also includes Rafaela Andrade, while João Ferreira Marques was appointed as alternate director at the general meeting held about a month ago.

As for Moreira Rato, the economist and former president of the IGCP has held the position of non-executive director at Caixa Geral de Depósitos for a year, so his appointment to Pharol was dependent on a decision from the banking regulator. Pharol states that this authorization was granted by Banco de Portugal on August 5th.

The company's main asset is a problematic credit of 897 million euros related to the ruinous investment in Rio Forte's commercial paper, from which it only expects to receive 52 million, corresponding to just 6%. In the first half, Pharol recorded losses of 970 thousand euros, after profits of more than 2 million in the same period of 2025, justifying this performance with the absence of significant tax refunds and the payment of bonuses.


A Pharol anunciou esta sexta-feira que o conselho de administração decidiu atribuir o cargo de administrador-delegado a Bernardo Amado, e confirmou a notícia do ECO de que João Moreira Rato teve luz verde do regulador bancário para as funções de chairman.

Bernardo Amado e Moreira Rato substituem assim Palha da Silva, que liderou a Pharol durante cerca de uma década, após a venda da operadora Meo à Altice.

Faz parte ainda da nova administração Rafaela Andrade, enquanto João Ferreira Marques foi nomeado como administrador-suplente na assembleia geral que teve lugar há cerca de um mês.

Quanto a Moreira Rato, o economista e antigo presidente do IGCP ocupa as funções de administrador não executivo da Caixa Geral de Depósitos (CGD) desde há um ano e, por isso, a sua nomeação para a Pharol estava dependente de uma decisão do regulador bancário.

BCE dá luz verde a João Moreira Rato para chairman da Pharol

Ler Mais

A Pharol diz que essa autorização foi concedida pelo Banco de Portugal no passado dia 5 de agosto, segundo o comunicado enviado ao mercado.

A empresa tem como principal ativo um crédito problemático de 897 milhões de euros relativo ao investimento ruinoso em papel comercial da Rio Forte e do qual só espera receber 52 milhões (apenas 6%).

No primeiro semestre registou prejuízos 970 mil euros, após lucros de mais de 2 milhões no mesmo período de 2025, com a empresa a justificar esse desempenho com a ausência de reembolsos fiscais significativos e o pagamento de prémios.

Related articles

Business

Autograph and spin: images of Putin testing Russia's new car

Russian President Vladimir Putin tested the new Volga model for the first time during a visit to the Nizhny Novgorod factory, previously operated by Volkswagen. The visit marks a significant moment for the Russian automotive industry, which has been developing in the context of Western manufacturers leaving the country.

CNN Portugal28/08/26, 19:24
Business

"Working 5 or 6 hours per week": nurse opened new business earning over 30,000 euros per month and left the hospital

A 38-year-old American nurse, Cami, who worked for 13 years in a hospital, decided to sell her house and invest around 300,000 dollars (258,000 euros) in buying a laundromat in Arizona in October 2020. For almost three years, she balanced managing the business with nursing shifts until she managed to quit in April 2023, when the laundromat already had steady revenues. In 2024, the establishment grossed around 475,000 dollars (408,000 euros), with approximate profits of 119,000 dollars (102,000 euros), after reinvesting some of the results and paying herself a salary of 66,000 dollars. She currently dedicates only five to six hours per week to management, after hiring a team of six workers and developing pickup and home delivery services. Cami learned to manage without any business training, listening to business programs and using social media to share her experience, and believes she can retire in six to seven years.

Postal do Algarve28/08/26, 19:20
Business

Union demanded fairer wages in hospitality and restaurants

The Centro Hotel Workers Union held a protest action today in Figueira da Foz, in the Coimbra district, demanding the revision of collective bargaining and fairer wages for workers in the hospitality and restaurant sector.

Diário de Viseu28/08/26, 19:15
Business

Jet fuel price rise and Middle East war to cost airlines 19 billion euros

The rise in jet fuel prices and the war in the Middle East are expected to cost airlines around 19 billion euros in 2026, according to industry projections. This financial impact comes in a context of geopolitical uncertainty affecting air routes and carriers' operational costs. At the same time, total aviation fuel consumption is expected to remain unchanged next year, holding steady at 104 billion gallons, reflecting a stagnation in demand despite projected growth in the sector.

Now28/08/26, 19:13