Arco Announces Appointment of New Directors
February 23 2021 - 6:00AM
Business Wire
Arco Platform Limited, or Arco (Nasdaq: ARCE), announced
today that it has appointed Carla Schmitzberger and
Beatriz Amary to its Board of Directors as independent
members, effective as of today.
"It’s an honor to welcome Beatriz and Carla to Arco’s Board of
Directors. Beatriz, with her remarkable knowledge of technology and
education investing, and Carla, with her distinguished experience
in brand development and global operations, will sharpen our
decision-making and accelerate our mission of delivering high
quality education at scale," said Ari de Sá Cavalcante Neto, Arco’s
founder and Chief Executive Officer.
Ms. Schmitzberger was a vice-president at Alpargatas, owner of
the Havaianas brand of sandals, for nearly 14 years, being
responsible for the internationalization of the business, the
expansion of the brand to new product categories and the
establishment of retail operations. Prior to that, Ms.
Schmitzberger has worked for eight years at Citibank, holding the
positions of Vice-President of Marketing and Products,
Vice-President of Marketing and Head of Citibank Credit Cards
Brazil. Ms. Schmitzberger also worked for 11 years at P&G and 2
years for Johnson & Johnson. Ms. Schmitzberger is currently an
independent board member at Natura &Co and Lojas Marisa. Carla
holds a bachelor’s degree in Chemical Engineering from Cornell
University.
Ms. Amary is a partner focused on emerging markets at Amadeus
Capital, a global technology investor. Before that, she was part of
the team responsible for launching Actis, a global emerging markets
investment fund, in São Paulo, leading investments in the consumer,
retail, healthcare and education sectors in Latin America. She was
responsible for the investments and held board member positions in
CNA, an English Language Training company in Brazil, and Cruzeiro
do Sul, an in-class and distance learning post-secondary education
provider in Brazil. Prior to that, Ms. Amary worked in M&A at
JP Morgan and Johnson & Johnson. Beatriz holds a degree from
Fundação Getúlio Vargas in Brazil and an MBA at Harvard Business
School.
Ms. Amary said, “I’m delighted to join Arco’s Board of
Directors. Arco has a winning business model and an enormous
potential of growth. The company has been scaling up high quality
education and transforming, with technology, the way students
learn.”
“It is incredible to see the impact of Arco’s educational
solutions on its partner schools and their students. That is the
result of a culture focused on building outstanding teams, creating
long-term relationships with clients, and consistently pursuing
innovative solutions. Those are some of the reasons why I’m honored
to join the Board and contribute to Arco’s success,” said Ms.
Schmitzberger.
The appointment of Ms. Amary and Ms. Schmitzberger expands
Arco’s Board to nine directors and increases the number of
independent directors to seven from five, bringing additional
expertise and background diversity to the board.
About Arco Platform Limited (Nasdaq: ARCE)
Arco has empowered hundreds of thousands of students to rewrite
their futures through education. Our data-driven learning
methodology, proprietary adaptable curriculum, interactive hybrid
content, and high-quality pedagogical services allow students to
personalize their learning experience with while enabling schools
to thrive.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the U.S. federal securities laws. Statements
contained herein that are not clearly historical in nature are
forward-looking, and the words “anticipate,” “believe,”
“continues,” “expect,” “estimate,” “intend,” “project” and similar
expressions and future or conditional verbs such as “will,”
“would,” “should,” “could,” “might,” “can,” “may,” or similar
expressions are generally intended to identify forward-looking
statements. These forward-looking statements speak only as of the
date hereof and are based on Arco’s current plans, estimates of
future events, expectations and trends that affect or may affect
our business, financial condition, results of operations, cash
flow, liquidity, prospects and the trading price of Arco’s Class A
common shares, and are subject to several known and unknown
uncertainties and risks, many of which are beyond Arco’s control.
Therefore, current plans, anticipated actions and future financial
position and results of operations may differ significantly from
those expressed in any forward-looking statements in this press
release. You are cautioned not to unduly rely on such
forward-looking statements when evaluating the information
presented. Arco does not undertake any obligation to update
publicly or to revise any forward-looking statements after we
distribute this press release because of new information, future
events or other factors.
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version on businesswire.com: https://www.businesswire.com/news/home/20210223005285/en/
Investor Relations Contact: Arco Platform Limited Carina
Carreira IR@arcoeducacao.com.br
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