StoneCo Announces Transition in Leadership Roles – Thiago Piau to become Board Member and Pedro Zinner to become CEO
Thiago Piau, the current CEO, will become a Board member of the Company, where he will focus his attention on developing key strategic and financial initiatives to help drive the future expansion of StoneCo. Pedro Zinner, a current Board member of StoneCo, will step-down from the Board and succeed Mr. Piauas CEO. Mr. Zinnerwill join Stone’s executive team no later than March 31st, 2023 and will begin working closely with Mr. Piauand the management team in a transition period before taking on the CEO role.
Partner of Stone since 2013 and leading the Company since the end of 2017,
“I have a strong trust in Pedro and think he has an outstanding combination of personal values and leadership capabilities to manage dynamic and growing organizations,” said
“StoneCo has a privileged position in
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.