Completion of CEO Transition

Rhea-AI Summary

On April 3, 2023, StoneCo Ltd. (Nasdaq: STNE) announced a leadership transition with Pedro Zinner appointed as the new CEO, effective March 31, 2023. Former CEO Thiago Piau will now serve on the Board of Directors and on the Finance and Risk Committee, a change noted in earlier announcements. StoneCo continues to focus on providing financial technology and software solutions that enable merchants to conduct commerce efficiently across various channels.

Positive

• Transition to new CEO Pedro Zinner may indicate a strategic shift or renewed focus for StoneCo.
• Thiago Piau remains involved as a board member, contributing experience and continuity.

Negative

• None.

GEORGETOWN, Cayman Islands, April 03, 2023 (GLOBE NEWSWIRE) -- StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”) today announced that on March 31, 2023, the Company completed the transition of leadership roles, by which Pedro Zinner assumed the position of CEO of Stone. Thiago Piau, former CEO, joined the Company’s Board as a director and member of the Finance and Risk committee on February 15, 2023, as previously announced.

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.

Contact:

Investor Relations
investors@stone.co

FAQ

Who is the new CEO of StoneCo as of March 31, 2023?

Pedro Zinner has been appointed as the new CEO of StoneCo as of March 31, 2023.

What position does Thiago Piau hold after stepping down as CEO of StoneCo?

Thiago Piau has joined StoneCo's Board of Directors and is a member of the Finance and Risk Committee.

What is the stock symbol for StoneCo Ltd.?

The stock symbol for StoneCo Ltd. is STNE.