StoneCo Announces Mateus Scherer as new CFO, Change in Role of our President Augusto Lins and Split of Board Committees
Since joining Stone in 2015,
“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
“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
In addition to the changes above, the Board of Directors’ Finance & Risk committee will be split into two separate committees.
“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
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.
Source: StoneCo Ltd.