dLocal appoints Carlos Menendez as Chief Operating Officer
September 06 2024 - 8:33AM
dLocal, a leading cross-border payment platform specializing in
high-growth markets, announces the appointment of Carlos Menendez
as Chief Operating Officer (COO), effective immediately. Jacobo
Singer, who currently serves as COO and Co-President, will continue
to serve in both roles during a transition period until December
15, 2024, at which time he will step down from both roles. During
this transition period, Carlos and Jacobo will work closely to
ensure a smooth handover of responsibilities. Following the
transition period, Jacobo will continue to serve as a member of our
Board of Directors.
“We are excited to welcome Carlos as our new
COO. His proven track record in scaling businesses and developing
strategic partnerships will be invaluable as we continue to grow
and expand our operations,” said Pedro Arnt, CEO of dLocal. Carlos
Menendez brings a wealth of experience and a proven track record in
global strategic leadership and operational management, with over
30 years of experience in world class companies across payments,
banking and consumer industries, including Mastercard, Citibank and
Procter & Gamble. Throughout his career, Carlos has been
instrumental in scaling businesses, managing global P&Ls and
leading strategic initiatives. Mr. Menendez holds a bachelor’s
degree from Harvard University and an MBA from Wharton.
Mr. Menendez will report directly to Pedro Arnt.
“Carlos is a highly respected and accomplished leader, and he’s
played a pivotal role in advising and scaling some of the world’s
most successful fintech companies,” Arnt added.
“I am honored and excited to join dLocal as
COO,” said Menendez. “The company’s success in placing customers
first and serving many of the largest technology companies and
enterprises in the world presents a truly unique business
opportunity. I am confident that my expertise in designing,
building, and scaling organizations will further position dLocal to
achieve great things going forward.”
“I am delighted about this new step for the
company and looking forward to welcoming Carlos to the executive
team,” said Singer. “As I transition to focusing my efforts with
dLocal as a member of the Board of Directors, I am confident that
Carlos’s leadership will drive continuous innovation, ensuring our
customers’ success and enabling global merchants to connect with
billions of emerging market consumers through one seamless
platform.”
Eduardo Azar, Chairman of the Board of
Directors, stated, “We are grateful for Jacobo’s significant
contributions and leadership during his time as Co-President and
COO. His dedication and vision have been instrumental in dLocal’s
growth and success. We look forward to his continued guidance and
support as a member of our Board of Directors.”
About dLocaldLocal powers local
payments in emerging markets, connecting global enterprise
merchants with billions of emerging market consumers across Africa,
Asia and Latin America. Through the “One dLocal” concept (one
direct API, one platform, and one contract), international
companies can accept payments, send pay-outs and settle funds
globally without the need to manage separate pay-in and pay-out
processors, set up numerous local entities, integrate multiple
acquirers and payment methods in each market. For more information,
please visit https://www.dlocal.com/.
Investor Relations Contact:
investor@dlocal.com
Media Contact:
marketing@dlocal.com
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