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dLocal appoints Carlos Menendez as Chief Operating Officer

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dLocal, a leading cross-border payment platform for high-growth markets, has appointed Carlos Menendez as Chief Operating Officer (COO), effective immediately. Jacobo Singer, the current COO and Co-President, will continue in both roles until December 15, 2024, ensuring a smooth transition. After this period, Singer will remain on the Board of Directors.

Menendez brings over 30 years of experience from companies like Mastercard, Citibank, and Procter & Gamble. He holds a bachelor's degree from Harvard and an MBA from Wharton. CEO Pedro Arnt expressed confidence in Menendez's ability to scale the business and develop strategic partnerships. The leadership change aims to drive continuous innovation and enhance dLocal's position in connecting global merchants with emerging market consumers.

dLocal, una delle principali piattaforme di pagamento transfrontaliero per mercati ad alta crescita, ha nominato Carlos Menendez come Chief Operating Officer (COO), con effetto immediato. Jacobo Singer, l'attuale COO e Co-Presidente, continuerà in entrambi i ruoli fino al 15 dicembre 2024, assicurando una transizione regolare. Dopo questo periodo, Singer rimarrà nel Consiglio di Amministrazione.

Menendez porta con sé oltre 30 anni di esperienza in aziende come Mastercard, Citibank e Procter & Gamble. Ha conseguito una laurea ad Harvard e un MBA alla Wharton. Il CEO Pedro Arnt ha espresso fiducia nella capacità di Menendez di scalare l'attività e sviluppare partnership strategiche. Il cambiamento di leadership mira a stimolare un'innovazione continua e a migliorare la posizione di dLocal nel connettere i commercianti globali con i consumatori dei mercati emergenti.

dLocal, una plataforma líder de pagos transfronterizos para mercados de alto crecimiento, ha nombrado a Carlos Menendez como Director de Operaciones (COO), con efecto inmediato. Jacobo Singer, el actual COO y Co-Presidente, continuará desempeñando ambos roles hasta el 15 de diciembre de 2024, asegurando una transición fluida. Después de este período, Singer permanecerá en la Junta Directiva.

Menendez aporta más de 30 años de experiencia en empresas como Mastercard, Citibank y Procter & Gamble. Tiene una licenciatura de Harvard y un MBA de Wharton. El CEO Pedro Arnt expresó confianza en la capacidad de Menendez para escalar el negocio y desarrollar asociaciones estratégicas. El cambio de liderazgo tiene como objetivo impulsar la innovación continua y mejorar la posición de dLocal en la conexión de comerciantes globales con consumidores de mercados emergentes.

dLocal은 고성장 시장을 위한 주요 국경 간 결제 플랫폼으로서, Carlos Menendez를 최고운영책임자(COO)로 즉각 임명했습니다. 현재 COO이자 공동회장인 Jacobo Singer는 2024년 12월 15일까지 두 역할을 계속 수행하며 원활한 전환을 보장합니다. 이 기간이 지나면 Singer는 이사회에서 계속 근무할 것입니다.

Menendez는 Mastercard, Citibank, Procter & Gamble과 같은 기업에서 30년 이상의 경험을 보유하고 있습니다. 그는 Harvard에서 학사 학위를, Wharton에서 MBA를 취득했습니다. CEO Pedro Arnt는 Menendez의 사업 확장 능력과 전략적 파트너십 개발에 대한 신뢰를 표명했습니다. 이번 리더십 변화는 지속적인 혁신을 추진하고 dLocal이 글로벌 상인과 신흥 시장 소비자를 연결하는 역량을 강화하는 것을 목표로 하고 있습니다.

dLocal, une plateforme de paiement transfrontalier de premier plan pour les marchés à forte croissance, a nommé Carlos Menendez au poste de Directeur des opérations (COO), avec effet immédiat. Jacobo Singer, l'actuel COO et co-président, continuera d'exercer ses deux fonctions jusqu'au 15 décembre 2024, assurant une transition en douceur. Après cette période, Singer restera membre du Conseil d'administration.

Menendez apporte plus de 30 ans d'expérience d'entreprises telles que Mastercard, Citibank et Procter & Gamble. Il est titulaire d'une licence de Harvard et d'un MBA de Wharton. Le CEO Pedro Arnt a exprimé sa confiance dans la capacité de Menendez à développer l'entreprise et à établir des partenariats stratégiques. Ce changement de direction vise à favoriser une innovation continue et à renforcer la position de dLocal dans la connexion des commerçants mondiaux avec les consommateurs des marchés émergents.

dLocal, eine führende Plattform für grenzüberschreitende Zahlungen in wachstumsstarken Märkten, hat Carlos Menendez zum Chief Operating Officer (COO) ernannt, mit sofortiger Wirkung. Jacobo Singer, der aktuelle COO und Co-Präsident, wird beide Rollen bis zum 15. Dezember 2024 weiterhin übernehmen und einen reibungslosen Übergang gewährleisten. Nach dieser Phase wird Singer im Verwaltungsrat bleiben.

Menendez bringt über 30 Jahre Erfahrung aus Unternehmen wie Mastercard, Citibank und Procter & Gamble mit. Er hat einen Bachelor-Abschluss von Harvard und einen MBA von Wharton. CEO Pedro Arnt äußerte Vertrauen in Menendez' Fähigkeit, das Geschäft auszubauen und strategische Partnerschaften zu entwickeln. Der Führungswechsel zielt darauf ab, kontinuierliche Innovationen voranzutreiben und die Position von dLocal bei der Verbindung globaler Händler mit Verbrauchern in Schwellenländern zu stärken.

Positive
  • Appointment of experienced executive Carlos Menendez as new COO
  • Smooth transition period planned until December 15, 2024
  • Jacobo Singer to continue as Board Member, ensuring continuity
  • New COO brings 30+ years of experience from major financial and consumer companies
  • Strategic move to enhance leadership for company growth and expansion
Negative
  • None.

dLocal strengthens leadership team with the appointment of Carlos Menendez as new COO and ongoing service of Jacobo Singer as Board Member following a transition period

MONTEVIDEO, Uruguay, Sept. 06, 2024 (GLOBE NEWSWIRE) -- dLocal, a leading cross-border payment platform specializing in high-growth markets, announces the appointment of Carlos Menendez as Chief Operating Officer (COO), effective immediately. Jacobo Singer, who currently serves as COO and Co-President, will continue to serve in both roles during a transition period until December 15, 2024, at which time he will step down from both roles. During this transition period, Carlos and Jacobo will work closely to ensure a smooth handover of responsibilities. Following the transition period, Jacobo will continue to serve as a member of our Board of Directors.

“We are excited to welcome Carlos as our new COO. His proven track record in scaling businesses and developing strategic partnerships will be invaluable as we continue to grow and expand our operations,” said Pedro Arnt, CEO of dLocal. Carlos Menendez brings a wealth of experience and a proven track record in global strategic leadership and operational management, with over 30 years of experience in world class companies across payments, banking and consumer industries, including Mastercard, Citibank and Procter & Gamble. Throughout his career, Carlos has been instrumental in scaling businesses, managing global P&Ls and leading strategic initiatives. Mr. Menendez holds a bachelor’s degree from Harvard University and an MBA from Wharton.

Mr. Menendez will report directly to Pedro Arnt. “Carlos is a highly respected and accomplished leader, and he’s played a pivotal role in advising and scaling some of the world’s most successful fintech companies,” Arnt added.

“I am honored and excited to join dLocal as COO,” said Menendez. “The company’s success in placing customers first and serving many of the largest technology companies and enterprises in the world presents a truly unique business opportunity. I am confident that my expertise in designing, building, and scaling organizations will further position dLocal to achieve great things going forward.”

“I am delighted about this new step for the company and looking forward to welcoming Carlos to the executive team,” said Singer. “As I transition to focusing my efforts with dLocal as a member of the Board of Directors, I am confident that Carlos’s leadership will drive continuous innovation, ensuring our customers’ success and enabling global merchants to connect with billions of emerging market consumers through one seamless platform.”

Eduardo Azar, Chairman of the Board of Directors, stated, “We are grateful for Jacobo’s significant contributions and leadership during his time as Co-President and COO. His dedication and vision have been instrumental in dLocal’s growth and success. We look forward to his continued guidance and support as a member of our Board of Directors.”

About dLocal
dLocal powers local payments in emerging markets, connecting global enterprise merchants with billions of emerging market consumers across Africa, Asia and Latin America. Through the “One dLocal” concept (one direct API, one platform, and one contract), international companies can accept payments, send pay-outs and settle funds globally without the need to manage separate pay-in and pay-out processors, set up numerous local entities, integrate multiple acquirers and payment methods in each market. For more information, please visit https://www.dlocal.com/.

Investor Relations Contact:

investor@dlocal.com

Media Contact:

marketing@dlocal.com


FAQ

Who is the new COO of dLocal (DLO)?

Carlos Menendez has been appointed as the new Chief Operating Officer (COO) of dLocal (DLO), effective immediately.

When will Jacobo Singer step down as COO and Co-President of dLocal (DLO)?

Jacobo Singer will step down from his roles as COO and Co-President of dLocal (DLO) on December 15, 2024, after a transition period.

What is Carlos Menendez's background before joining dLocal (DLO)?

Carlos Menendez has over 30 years of experience in companies like Mastercard, Citibank, and Procter & Gamble. He holds a bachelor's degree from Harvard University and an MBA from Wharton.

Will Jacobo Singer remain with dLocal (DLO) after stepping down as COO?

Yes, after stepping down as COO and Co-President, Jacobo Singer will continue to serve as a member of dLocal's (DLO) Board of Directors.

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