The company reaches another milestone in its
trajectory to offer the most complete technological platform for
entrepreneurs
SÃO PAULO, April 6,
2023 /PRNewswire/ -- On Thursday (6), Stone (Nasdaq:
STNE) announced the arrival of Luiz André Barroso to the Board of
Directors. Building on the purpose of serving entrepreneurs with a
complete technology platform, Stone takes another important step on
the path to consolidate itself as a big tech without losing its
startup essence.
Barroso, a former VP at Google, joins the Board and will help
setting the guidelines for the company's technological performance
to increasingly differentiate Stone in the market, leading industry
innovations and going far beyond offering financial services and
products. This technological evolution trajectory is part of the
value generation and business development proposal that had already
projected Stone's growth curve since its IPO in 2018.
Since then, the company completed the acquisition of Linx, in
2021, to strength its presence in the market by integrating
software and financial services, with the view that this
combination enhances Stone's value proposition for its clients
through technology.
Last year, the company strengthened its technology team with two
important hires: Marcus Fontoura,
who took over as CTO, and João Bernartt as CIO. Both have the
challenge of aggregating the multiple solutions on integrated
platforms, generating greater operational robustness, implementing
the engineering culture, and creating the appropriate
infrastructure to support the company's exponential growth.
"As a major partner of Brazilian entrepreneurs, Stone already
offers solutions that reduce technological complexity so that our
partners can focus their efforts on developing their own businesses
without worrying about the technology that serves as the basis for
them", Stone CTO, Marcus Fontoura,
notes. "We increasingly want to be a complete platform for
entrepreneurs, bringing together financial services and software
designed to leverage our clients' business", he adds.
"Many people saw Stone as a simple service aggregator, they
didn't see the company in its full technological capacity. We are
seeking to 'break the silos', building cohesive engineering,
offering a unified vision of products that provide operational
efficiency not only to our company, but also to our customers and
partners", Stone CIO, João Bernartt, adds.
The Brazilian Luiz André Barroso is a world reference for his
contributions to computer architecture and digital systems. He was
an exponent at Google, where he was responsible for the backbone of
the company's online services platform, where he coordinated
technical roadmaps spanning across the brand's products and worked
as Vice President of Engineering on the Core and Maps teams, and as
a technical lead in areas such as research and computing platform
design.
He is a member of the Association for Computing Machinery and
the American Association for the Advancement of Science; of the
National Academy of Engineering; of the American Academy of Arts
and Sciences, and the recipient of the 2020 ACM/IEEE Computer
Eckert-Mauchly Award. He has a master's in electrical engineering
from PUC-RJ and a PhD. in Computer Engineering from the
University of Southern California. He
is co-author of "The Datacenter as a Computer".
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SOURCE StoneCo.