On April 23, 2012, Anton J. Levy, a Class I director of Mercadolibre, Inc. provided written notice to the board of directors of the company of his decision to resign from the board and from each committee of the board on which he served, effective immediately. Mr. Levy served as a member of its audit committee at the time of his resignation. On the same date, upon the recommendation of the nominating and corporate governance committee of the board, in accordance with a succession search initiated after Mr. Levy had previously conveyed that he was considering stepping down from the board, the board unanimously approved the appointment of Susan L. Segal as a Class I director of the company, effective immediately. Ms. Segal has also been appointed to serve as a member of the company's audit committee. Ms. Segal, 59, has been president and CEO of the Americas Society and Council of the Americas since 2003, after having worked in the private sector for more than 30 years.
MercadoLibre, Inc. is the leading online marketplace in Latin America. The group operates an IT platform enabling individuals and professionals to carry out their purchasing and selling transactions for goods and services. The activity is organized around 5 areas:
- operation of online trading platforms;
- online payment services: services provided through the MercadoPago platform;
- shipping services: services provided through the MercadoEnvios platform;
- development of classified ad sites;
- other: e-commerce software development, advertising services, etc.
Net sales are distributed geographically as follows: Brazil (53.8%), Argentina (23.7%), Mexico (17.7%) and other (4.8%).