Business
StoneCo Announces Mateus Scherer as new CFO, Change in Role of our President Augusto Lins and Split of Board Committees
GEORGETOWN, Cayman Islands, May 26, 2023 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”), announced key management
About this update from Stoneco Ltd.
[{"type":"text","content":"GEORGETOWN, Cayman Islands, May 26, 2023 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”), announced key management changes today, including the promotion of Mateus Scherer Schwening to the role of Chief Financial Officer. Mr. Scherer steps into the role previously held by interim CFO Silvio Morais. The Company also announced the retirement of President Augusto Lins from full-time responsibilities, transitioning to a part-time senior advisory role. These changes will take effect on July 1, 2023. Since joining Stone in 2015, Mr. Scherer has contributed significantly to the Company in various finance roles, most recently serving as Vice President of Finance since April 2022. Additionally, he held a position on the Board of Directors from May 2021 through April 2022 and served on the Finance Committee. “We are pleased to promote Mateus to the role of Chief Financial Officer. Mateus has a long history with Stone and has been instrumental in supporting the company’s efforts to balance the company’s strong growth with improving profitability. As CFO, Mateus will play a key role in leading the Company and guiding our financial discipline, efficiency gains and capital allocation,” said Pedro Zinner, CEO of StoneCo. “We would also like to thank Augusto for the invaluable contributions to the Company over the past 10 years. He played a crucial role in developing the Company’s early initiatives in sales and operations as well as the Company’s client-centric culture. Augusto will remain a close senior advisor to the Company in our next phase of growth”, said Pedro Zinner. In addition to the changes above, the Board of Directors’ Finance & Risk committee will be split into two separate committees. Silvio Morais will return to his role on the Board of Directors and lead the Finance committee, which will also include Thiago Piau, and Diego Fresco. The Risk committee will be comprised of Patricia Schindler as Head of the committee, Luciana Aguiar, and Conrado Engel. These changes will also take effect on July 1, 2023. “I would like to thank Silvio for his important contributions to the Company and the improvements he led across our Finance organization. We are fortunate to continue to benefit from Silvio’s extensive experience through his role in the Board and the Finance Committee”, said Pedro Zinner. Bio ...