Business
StoneCo Announces New CEO, Reinforcing Continuity and Execution
George Town, Grand Cayman--(Newsfile Corp. - January 7, 2026) - StoneCo Ltd. (NASDAQ: STNE) ("Stone" or "the Company") announces today that Mr. Pedro Zinner has informed the Board of Directors of his decision to resign from his position as Chief Executive Officer, effective March 2026, for personal reasons.Mr. Zinner assumed the role of CEO three years ago, following his service on the Company's Board, at a critical moment in Stone's trajectory. During his tenure, Stone executed a clear...
About this update from Stoneco Ltd.
[{"type":"text","content":"George Town, Grand Cayman--(Newsfile Corp. - January 7, 2026) - StoneCo Ltd. (NASDAQ: STNE) ("Stone" or "the Company") announces today that Mr. Pedro Zinner has informed the Board of Directors of his decision to resign from his position as Chief Executive Officer, effective March 2026, for personal reasons.","length":328,"tagName":"p"},{"type":"text","content":"Mr. Zinner assumed the role of CEO three years ago, following his service on the Company's Board, at a critical moment in Stone's trajectory. During his tenure, Stone executed a clear strategic pivot, including the divestment of non-core assets such as Linx, the implementation of broad streamlining initiatives, the establishment of a disciplined capital allocation framework, and meaningful progress in evolving the Company from a pure payments provider into a comprehensive financial services platform for Brazilian entrepreneurs, with particular emphasis on the relaunch and expansion of its credit products.","length":620,"tagName":"p"},{"type":"text","content":"The Board expresses its deep appreciation to Mr. Zinner for his leadership and commitment to strengthening the Company during an important phase of its development. Commenting on his decision, Mr. Zinner stated:","length":211,"tagName":"p"},{"type":"text","content":""Leading Stone through this relevant chapter has been a privilege. Together with an exceptional team, we reshaped the Company, reinforced financial discipline, and built a stronger, more focused platform for the future. My decision to step down is driven by personal considerations, and I am confident that Stone is well positioned to continue executing on its strategy."","length":381,"tagName":"p"},{"type":"text","content":"The Board intends to nominate Mr. Zinner for election to the Board of Directors at the next general shareholders' meeting. Subject to shareholder approval of his election to the Board, Mr. Zinner is expected to be appointed Chairman of the Board, ensuring continued strategic oversight, institutional continuity, and strong alignment between management and shareholders. After two years of service as Chairman of the Board, Mr. Luchetti is expected to transition back to his role as a member of the Board of Directors.","length":522,"tagName":"p"},{"type":"text","content":"In connection with this tran...