StoneCo Announces Additional Board Changes
April 26 2022 - 6:00PM
StoneCo Ltd. (Nasdaq: STNE) (“Stone” or the “Company”), a leading
provider of financial services and software solutions for merchants
in Brazil, today announced additional board changes to support the
next stage of the Company’s growth.
The StoneCo Board has approved the appointment
of two new Directors, Mauricio Luchetti and Patricia Verderesi. Mr.
Luchetti has been a member of the Board of Directors of several
companies and has extensive experience with People and Management.
Mrs. Verderesi has over 30 years’ experience in the financial
markets, with strong focus on risk management.
At the same time, Mateus Scherer Schwening has
agreed to retire from the Stone Board and was appointed VP of
Finance at StoneCo Group.
The appointments of Mr. Luchetti and Mrs.
Verderesi as well as the resignation of Mr. Schwening and his
appointment as VP of Finance are effective immediately.
New Board of Directors
Composition
As a result of these changes, StoneCo Board of Directors will
now be composed of ten Directors, nine of whom are independent:
- André Street – Chairman
- Conrado Engel* – Vice-Chairman
- Roberto Moses Thompson Motta*
- Sílvio José Morais*
- Luciana Aguiar*
- Pedro Franceschi*
- Diego Fresco Gutierrez*
- Pedro Zinner*
- Mauricio Luchetti*
- Patricia Verderesi*
* Independent Board Members
About Our New Board of Directors
Appointments
Mauricio Luchetti is an
independent member of the YDUQS Board of Directors where he
coordinates the People and Governance Committee and a member of the
Monitoring and Performance Committee. He is also an independent
member of the Board of Directors of Agrogalaxy, where he
coordinates the People Committee and participates in the Audit
Committee. Mr. Luchetti is also an independent member of the Board
of Directors of Construtora Tenda and coordinates the People
Committee. He was an independent member of the Board of Directors
of other publicly held Companies such as JBS, Taesa Energia, Tempo
Assist, Mangels and Nutriplant. From 1985 to 2003, he was part of
the beverage company Brahma/Ambev where he occupied several
positions as Director of People and Management and Regional
Director of Operations. From 2003 to 2006, he worked at the
Votorantim Group where he served as Corporate Director at Holding
VPAR and as COO at Votorantim Cimentos. He has also been a partner
at Galicia Investimentos since 2007. Mr. Luchetti holds a
bachelor’s degree in Business Administration from PUC-RJ and
post-graduate in Finance and Human Resources at PUC-RJ.
Patricia Verderesi has 30 years
of experience in the financial markets, primarily in senior risk
management, control and governance positions. She was a Managing
Director at J.P. Morgan over the last 10 years with regional
functions and Chief Risk Officer “CRO” for Brazil. She has also
worked at Citigroup and Banco Safra in business, derivatives,
credit and structured finance positions. Currently, she is an
independent member of Credit Suisse Brazil’s board and chairman of
Raizen’s Audit Committee. Mrs. Verderesi has a bachelor degree in
business administration from PUC São Paulo, with a finance MBA from
Wharton Business School.
About StoneCo
StoneCo is a leading provider of financial technology and
software solutions that empower merchants to conduct commerce
seamlessly across multiple channels and help them grow their
businesses.
Forward-Looking Statements
This press release contains "forward-looking
statements" within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made as of the date they were first
issued and were based on current expectations, estimates, forecasts
and projections as well as the beliefs and assumptions of
management. These statements identify prospective information and
may include words such as “believe,” “may,” “will,” “aim,”
“estimate,” “continue,” “anticipate,” “intend,” “expect,”
“forecast,” “plan,” “predict,” “project,” “potential,”
“aspiration,” “objectives,” “should,” “purpose,” “belief,” and
similar, or variations of, or the negative of such words and
expressions, although not all forward-looking statements contain
these identifying words.
Forward-looking statements are subject to a
number of risks and uncertainties, many of which involve factors or
circumstances that are beyond Stone’s control.
Stone’s actual results could differ materially
from those stated or implied in forward-looking statements due to a
number of factors, including but not limited to: more intense
competition than expected, lower addition of new clients,
regulatory measures, more investments in our business than
expected, and our inability to execute successfully upon our
strategic initiatives, among other factors.
Contact:
Investor Relationsinvestors@stone.co
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