StoneCo Announces Organizational Changes to Prioritize Client Segments & Software Integration
October 09 2023 - 7:07AM
StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”)
today announced that it is reorganizing its management structure to
better align the Company around specific go-to-market strategies
per client segment and to accelerate the integration of its
software and financial solutions.
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 Lino will lead the Micro
Merchants Business
- Mateus Biselli will lead the Small
and Medium Merchant Business
- Sandro Bassili will lead Key
Accounts
Software Segment
Sandro Bassili will also lead the Software
business. He will be responsible for managing the Software
reporting segment, its go-to-market business and integration
initiatives. Mr. Bassili has extensive experience managing people
and integration efforts in organizations and will leverage his
responsibilities to accelerate the integration of Software within
each client segment. Gilsinei Hansen, current COO of Software, will
remain in the Company as a senior advisor, involved in the daily
operations of the Software business and its integration
initiatives.
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 StoneCo to 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-Inbev in 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 Costa has joined
StoneCo to 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, Caio Fiuza has left the Company. Caio will leave an
undeniable positive mark not only in the company but on the
Brazilian fintech sector as a whole. Stone acknowledges his
monumental contributions, particularly in areas such as logistics
and the creation of Ton, and wishes him every success.
Pedro Zinner, CEO of StoneCo, remarked, “This
strategic reorganization is another important step at putting
clients at the heart of our business, fostering increased
accountability, improved outcomes, and superior value delivery.
Now, I believe our organization is better aligned with our
strategic focus of enhancing our value proposition through the
combination of financial services and software,” Zinner
concluded.
The Executive Committee of StoneCo is now
comprised of the following members:
Name |
Title |
Pedro Zinner |
Chief Executive Officer |
Mateus Scherer |
Chief Financial Officer & Investor Relations Officer |
Lia Matos |
Chief Strategy & Marketing Officer |
João Bernartt |
Chief Product & Innovation Officer |
Diego Salgado |
Chief Treasury Officer |
Fabio Kapitanovas |
Chief People & Operating Officer |
Marcus Fontoura |
Chief Technology Officer |
André Monteiro |
Chief Risk Officer |
Tatiana Malamud |
Chief Legal & Compliance Officer |
Vinicius Carrasco |
Chief Economist & Regulatory Affairs Officer |
Victor Lino |
Chief Client Officer of Micro Merchants Business |
Mateus Biselli |
Chief Client Officer of Small and Medium Merchant Business |
Sandro Bassili |
Chief Operating Officer of Software |
Carolina da Costa |
Chief Impact & Sustainability Officer |
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
StoneCo (NASDAQ:STNE)
Historical Stock Chart
From Apr 2024 to May 2024
StoneCo (NASDAQ:STNE)
Historical Stock Chart
From May 2023 to May 2024