StoneCo Announces Organizational Changes to Prioritize Client Segments & Software Integration
Financial Services Segment
The Financial Services reporting segment will be led by three leaders who will each be responsible for managing StoneCo’s business for a specific client category. Each will serve on the Company’s Executive Committee, and report directly to the CEO.
Victor Linowill lead the Micro Merchants Business
- Mateus Biselli will lead the Small and Medium Merchant Business
Sandro Bassiliwill lead Key Accounts
Corporate and Operations
Some executives who report directly to the CEO and serve on the Company’s Executive Committee will also assume new responsibilities, including:
- Fabio Kapitanovas will join
StoneCoto lead our People, Shared Services and Operations teams. He is a senior executive with more than 23 years of experience at Kraft Heinz and AB-Inbevin various operating roles. He will focus on facilitating company-wide operational excellence and creating a more coordinated, streamlined and cost-effective approach to operations. Lia Matos, beyond her current responsibilities in Strategy, will also take responsibility for Marketing. She will coordinate our marketing strategies, institutional branding and end-to-end client experience more closely.
- João Bernartt, currently responsible for Product across our financial services platform, will also take responsibility for Business Development and Innovation. He will coordinate our growth and development initiatives more closely.
Marcus Fontoura, Chief Technology Officer, will now report directly to the CEO, emphasizing StoneCo’s dedication to scalability and accelerated product development. Carolina da Costahas joined StoneCoto lead our Impact and Sustainability initiatives. She has over 22 years of experience in impact projects across education, healthcare, and asset management. In education, she served as VP of all Undergraduate Programs at Insper and led the Entrepreneurship Center and the implementation of the new Engineering Program at the University. Carolina will leverage her expertise to work alongside our business leaders in initiatives associated with client education as well as fostering economic inclusion within the broader reach of our ecosystem.
After contributing significantly during his 6-year tenure,
The Executive Committee of
|Chief Executive Officer|
|Chief Financial Officer & Investor Relations Officer|
|Chief Strategy & Marketing Officer|
|João Bernartt||Chief Product & Innovation Officer|
|Chief Treasury Officer|
|Chief Technology Officer|
|Chief Legal & Compliance Officer|
|Chief Economist & Regulatory Affairs Officer|
|Chief Client Officer of Micro Merchants Business|
|Mateus Biselli||Chief Client Officer of Small and Medium Merchant Business|
|Chief Operating Officer of Software|
|Chief Impact & Sustainability Officer|
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.