Inter&Co Announces New Members to Its Board of Directors
February 16 2023 - 7:57PM
Inter&Co (“Inter”, Nasdaq: INTR and B3:INBR32), the premier
Super App providing financial and digital commerce services to more
than 25 million customers in Brazil and the US, announced today
changes to the composition of its Board of Directors. These changes
include the appointment of three new Directors and the retirement
of two existing Directors, resulting in the expansion of the
Inter&Co Board of Directors to ten members.
Effective immediately, Antonio Kandir, Todd
Crawford Chapman and Lorival Nogueira Luz Júnior have been
appointed and join the Board under the Interim format until Inter’s
2023 Annual General Meeting, to be held in April, when their
appointments will be submitted for shareholder approval.
About Inter&Co’s New Interim Directors:
- Antonio Kandir is
a former Minister of State of Planning and Budget. He sits on the
Board of Directors of several Brazilian companies, including GOL,
Aegea, CPFL, CSU Digital and MRV. Mr. Kandir will also begin to
serve as a member of the Audit Committee of Inter&Co and remain
a member of the Audit Committee of Banco Inter S.A., a subsidiary
of Inter&Co. Kandir has a solid background in economics.
- Todd Chapman is a
former U.S. diplomat, having served in several key roles, including
U.S. Ambassador to Brazil. He has also served at Inter&Co’s
Advisory Board, working closely in the international expansion into
the U.S., and now he will continue to have an important role
helping Inter with the international expansion.
- Lorival Luz is a
highly recognized executive and the former CEO of BRF (NYSE:BRFS),
one of the largest global food companies with a presence in more
than 100 countries around the world. Lorival has significant
acknowledgement in finance and will also help Banco Inter S.A.
participating on the Asset & Liability Committee.
Concurrently, Thiago dos Santos Piau and Carlos
Henrique Carneiro de Medeiros have retired from the Board of
Directors. Inter thanks Mr. Piau and Mr. Medeiros for their
dedication to the Board and valuable contributions to help Inter
achieve strong growth and multiple significant milestones.
"Following the recent release of our five-year
business plan, we are evolving the composition of our Board to
match Inter’s strategic objectives as we enter a new phase of
growth and profitability and help position the Company to reach new
milestones. Our new Board members were carefully chosen to guide
and support the management team as it continues to execute on key
priorities: the continuous development of Inter's Super App, our
international expansion, and our focus on profitability," said João
Vitor Menin, Inter&Co CEO.
Rubens Menin, Inter&Co Chairman of the
Board, added, "I am honored to chair this highly qualified Board,
with the addition of Kandir, Todd and Lorival. Their contributions
and insights will be important in this new stage of our
development."
The changes announced today increase the number
of Board members at Inter&Co to ten members, of which five are
independent directors. A full list of Inter&Co’s Board members
and their biographies can be found at:
https://ri.bancointer.com.br/en/corporate-governance/board-of-directors-executives-and-committees/.
About
Inter&Co Inter&Co is the holding company
of Inter Group and indirectly holds all of Banco
Inter’s shares. Inter is the premier Super App providing
financial and digital commerce services to more than 25 million
customers in Brazil and the US. We offer a complete range of
solutions, including banking, investments, credit, insurance and
cross-border services, in addition to a marketplace that brings
together the best retailers in Brazil and the United States.
Contacts:GraylingLucia
Domville / Fabiane GoldsteinM +1 646. 824.2856/ +1
945.625.4793lucia.domville@grayling.com / fabiane.goldstein@grayling.com
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