StoneCo Announces Additional Board Changes
06 Abril 2023 - 5:05PM
StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”)
today announced additional board changes to support the next stage
of the Company’s growth.
Stone’s Board has approved the resignation of
Pedro Franceschi from the Board and the appointment of Luiz André
Barroso as a Board Member.
Mr. Barroso is a Google Fellow, and a reference
in technology and innovation. He has founded and led the office of
Cross-Google Engineering (XGE), being responsible for coordinating
technical roadmaps that span all Google’s products. Mr. Barroso has
over 30 years of experience in technology, with over 20 years
working at Google, where he led different projects. Luiz has
published several technical papers and has co-authored “The
Datacenter as a Computer”, a reference textbook about computing
infrastructure utilized by many technology companies worldwide.
As a Board Member, Mr. Barroso will support the
guidelines for technology to increasingly differentiate Stone in
the market and lead sector innovations.
The appointment of Mr. Barroso as well as the
resignation of Mr. Franceschi are effective immediately.
New Board of Directors
Composition
As a result of these changes, StoneCo Board of Directors will
now be composed of eight Directors, six of whom are
independent:
- André Street – Chairman
- Conrado Engel* – Vice-Chairman
- Luciana Aguiar*
- Diego Fresco Gutierrez*
- Mauricio Luchetti*
- Patricia Verderesi*
- Thiago dos Santos Piau
- Luiz André Barroso*
* Independent Board Members
About Our New Board of Directors
Appointments
Luiz André Barroso is a Google
Fellow, having more than 30 years of experience working in the
technology and innovation segment. Luiz has worked in Google for
more than 20 years and has founded and led the office of
Cross-Google Engineering (XGE), being responsible for technology
coordination across all of Google’s products. Over his more than
two decades at Google, Luiz has worked as VP of Engineering in the
Core and Maps team, while also working with microarchitecture
research, datacenter design, energy efficient computing, Google
Search, Google Scholar, and Google Earth. Mr. Barroso is the author
of "The Datacenter as a Computer" the reference book on the
computing infrastructure used by large technology companies, and
his pioneering work in this area was recognized in 2020 with the
ACM Eckert-Mauchly Award. He is also a member of National Academy
of Engineering, a Fellow of American Academy of Arts & Science,
American Association for the Advancement of Science and of
Association for Computing Machinery. Luiz holds a PhD and a
Master’s Degree in Computer Engineering from University of Southern
California and holds a Bachelor’s degree in Electrical and
Electronical Engineering from PUC-RJ.
About StoneCo
StoneCo is a leading provider of financial technology and
software solutions that empower merchants to conduct commerce
seamlessly across multiple channels and help them grow their
businesses.
Forward-Looking Statements
This press release contains "forward-looking
statements" within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements are made as of the date they were first
issued and were based on current expectations, estimates, forecasts
and projections as well as the beliefs and assumptions of
management. These statements identify prospective information and
may include words such as “believe,” “may,” “will,” “aim,”
“estimate,” “continue,” “anticipate,” “intend,” “expect,”
“forecast,” “plan,” “predict,” “project,” “potential,”
“aspiration,” “objectives,” “should,” “purpose,” “belief,” and
similar, or variations of, or the negative of such words and
expressions, although not all forward-looking statements contain
these identifying words.
Forward-looking statements are subject to a
number of risks and uncertainties, many of which involve factors or
circumstances that are beyond Stone’s control.
Stone’s actual results could differ materially
from those stated or implied in forward-looking statements due to a
number of factors, including but not limited to: more intense
competition than expected, lower addition of new clients,
regulatory measures, more investments in our business than
expected, and our inability to execute successfully upon our
strategic initiatives, among other factors.
Contact:
Investor Relationsinvestors@stone.co
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