Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
August 16 2022 - 6:02AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 6-K
Report
of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934
For the month of August,
2022
Commission File Number 001-41129
Nu Holdings Ltd.
(Exact name of registrant as specified
in its charter)
Nu Holdings Ltd.
(Translation of Registrant's
name into English)
Campbells Corporate Services
Limited, Floor 4, Willow House, Cricket Square, KY1-9010 Grand Cayman, Cayman Islands
+1 345 949 2648
(Address of principal executive
office)
Indicate by check mark whether
the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F (X) Form 40-F
Indicate by check mark whether the registrant by furnishing
the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the
Securities Exchange Act of 1934.
Yes No (X)
NOTICE TO THE MARKET
Grand Cayman, Cayman Islands, August 15, 2022 - Nu
Holdings Ltd. (NYSE: NU | B3: NUBR33), (“Nu” or the “Company”), one of the world’s largest digital banking
platforms, announced today a new management operating model. Under the leadership of David Vélez, Founder and CEO of the
Company, Nu will redesign its management team structure to support the implementation of an organizational system that will amplify customer
centricity, product scalability and platform efficiency.
“Since our founding in 2013,
we have gone from being a credit card mono-liner in Brazil to being a multi-product, multi-geo financial services platform. This growth
creates significant organizational challenges, and the time is ripe for us to shift gears internally and organize ourselves for the next
decade of growth ,” said David Vélez.
At the helm of the organization, David Vélez will steer and maintain oversight of the Company’s
operational management, leadership team, company culture and reputation. Additionally, David will prioritize long term strategy, including
product development, market expansion, and M&A. To support this priority, Nu is creating a Chief Corporate Development Officer
role, reporting directly to David. In order to implement this overarching vision for the new operating model,
the management team will take on the following scopes:
| ● | Youssef Lahrech, Chief Operating Officer, will
also take a new position as President of Nu, reporting directly to David. For almost three years, Youssef has played a fundamental role
in Nu’s credit underwriting strategies, product portfolio roadmap and internationalization execution. As President and Chief Operating
Officer, he will now directly manage operations, budget and key metric performance for global products, global platforms, market operations,
and corporate functions. |
“With over 20 years of experience in the financial
industry, Youssef has played a fundamental role in Nubank’s recent growth and consolidation, managing our credit strategies and
internationalization. I’m excited to extend this new position to Youssef and continue to partner with him to broaden our reach,
leverage our strengths and drive even more ambitious results for all of our stakeholders”, said David Vélez.
Under Youssef Lahrech, the management team will be structured in the following way:
| ● | Cristina Junqueira, co-founder and CEO of Brazil,
will also step up as Chief Growth Officer, managing market team operations and local customer-centric growth strategies in Brazil, Mexico
and Colombia. |
| ● | Jag Duggal, Chief Product Officer, will lead the
Global Products organization, supporting innovation, client-centricity, global readiness in core product development and portfolio expansion
to drive Nu’s long term journey to a full services global tech company. |
| ● | Matt Swann, Chief Technology Officer, will lead
the Global Platforms organization, managing technology, engineering, and data to support hypergrowth via platformization of company systems. |
| ● | Marco Araujo, Chief Legal Officer, is joining the
management team, with oversight of legal and policy functions. |
| ● | Guilherme Lago, Henrique Fragelli
and Vitor Olivier will continue in their roles as Chief Financial Officer, Chief Risk Officer and Chief People Officer, respectively,
and continue to work closely with David Vélez on company results and culture. |
The Company will keep the market informed of any new developments.
Contacts:
Investors Relations
Guilherme Lago
investors@nubank.com.br
Media Relations
Leila Suwwan
press@nubank.com.br
SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
|
Nu Holdings Ltd. |
|
|
|
By: |
/s/ Guilherme Lago |
|
|
Guilherme Lago Chief Financial Officer |
Date: August 15, 2022
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