StoneCo Ltd. announces that Mr. Pedro Zinner has informed the Board of Directors of his decision to resign from his position as Chief Executive Officer, effective March 2026, for personal reasons. Mr. Zinner assumed the role of CEO three years ago, following his service on the Company's Board, at a critical moment in Stone's trajectory. During his tenure, Stone executed a clear strategic pivot, including the divestment of non-core assets such as Linx, the implementation of broad streamlining initiatives, the establishment of a disciplined capital allocation framework, and meaningful progress in evolving the Company from a pure payments provider into a comprehensive financial services platform for Brazilian entrepreneurs, with particular emphasis on the relaunch and expansion of its credit products.
In connection with this transition, the Board of Directors has appointed Mr. Mateus Scherer as Chief Executive Officer, effective March 2026. Mr. Scherer currently serves as Chief Financial Officer and Investor Relations Officer and has been with the Company since its early days, playing a central role in capital allocation, financial strategy, risk management, and the execution of Stone's banking and credit initiatives.
StoneCo Ltd. is a provider of financial technology and software solutions. The Company designed its cloud-based technology platform, namely the Stone Business Model, for its clients to connect, get paid, and grow their businesses. Its segments include financial services and software. In financial services, it offers payments, digital banking, and credit solutions, focused mainly on Micro, Small, and Medium Businesses (MSMBs). In software, it offers Point of Sale (POS) and Enterprise Resource Planning (ERP) solutions for different retail and service verticals, Customer Relationship Management (CRM), engagement tools, electronic commerce, and order management system solutions. It also provides digital product enhancements to help its merchants improve their consumers' experience, such as its split-payment processing, multi-payment processing, recurring payments for subscriptions, and one-click buy functionality. It provides its clients with store, life, and health insurance solutions.
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