StoneCo Announces Mateus Scherer as new CFO, Change in Role of our President Augusto Lins and Split of Board Committees
May 26 2023 - 4:30PM
StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”),
announced key management changes today, including the promotion of
Mateus Scherer Schwening to the role of Chief Financial Officer.
Mr. Scherer steps into the role previously held by interim CFO
Silvio Morais. The Company also announced the retirement of
President Augusto Lins from full-time responsibilities,
transitioning to a part-time senior advisory role. These changes
will take effect on July 1, 2023.
Since joining Stone in 2015, Mr. Scherer has
contributed significantly to the Company in various finance roles,
most recently serving as Vice President of Finance since April
2022. Additionally, he held a position on the Board of Directors
from May 2021 through April 2022 and served on the Finance
Committee.
“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 Pedro Zinner, CEO of StoneCo.
“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 Pedro Zinner.
In addition to the changes above, the Board of
Directors’ Finance & Risk committee will be split into two
separate committees. Silvio Morais will return to his role on the
Board of Directors and lead the Finance committee, which will also
include Thiago Piau, and Diego Fresco. The Risk committee will be
comprised of Patricia Schindler as Head of the committee, Luciana
Aguiar, and Conrado Engel. These changes will also take effect on
July 1, 2023.
“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 Pedro Zinner.
Bio of Mateus Scherer
Effective July 1, 2023, Mateus Scherer Schwening
will take on the role of Chief Financial Officer at StoneCo.
Currently, Mateus serves as StoneCo's Vice President of Finance, a
role he has held since April 2022. He joined the Company as a
partner in 2015 and since then, has held various positions across
Treasury, Financial Planning & Analysis, Capital Allocation,
and Strategic Projects, helping guide new investments, facilitate
mergers and acquisitions, and manage capital raises, among other
duties. He holds a Bachelor of Science degree in Economics from
Insper.
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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