PagSeguro Digital Ltd. announced that the Board of Directors has appointed Mr. Eduardo Alcaro as Chief Business Development Officer, a new strategic executive officer position, and Mr. Artur Schunck as the new Chief Financial and Investor Relations Officer and Chief Accounting Officer. During the first six months of transition following these appointments, Mr. Alcaro and Mr. Schunck will both exercise the role of PagSeguro’s Co-Chief Financial and Investor Relations Officer. Mr. Alcaro will also maintain his roles as a member of PagSeguro Digital’s Board of Directors and Chief Financial Officer of PagSeguro’s controlling shareholder, UOL – Universo Online S.A. Luis Frias, Principal Executive Officer, commented that PagSeguro only stands to gain from this expansion of its senior management team. Mr. Alcaro affirmed that the promotion of Artur Schunck demonstrates the bench strength of PagSeguro’s Finance team, and it is great to see the advancement of someone whose career has been developed internally. Artur Schunck has held multiple roles in the Finance department at PagSeguro, acting as subsidiary PagSeguro PagBank’s Finance Director since April 2015. In that role, he has led the company’s finance, treasury, controllership, BI, FP&A, logistics, financial services and credit products teams. Prior to that, from February 2014 to April 2015, he was the Director of Financial Planning and Treasury for parent company UOL – Universo Online S.A., where he was in charge of the FP&A and treasury functions and responsible for monthly forecasts, annual budget, accounts payable, cash management and funding structures and the group’s financial consolidation process. Before joining the UOL group, Mr. Schunck worked from January 2006 to December 2013 for Walmart Brasil Ltda. in several financial management roles, culminating in his position as the Director of FP&A and Strategy, leading the financial planning and strategic teams. He holds a bachelor’s degree in business administration from the Pontifical Catholic University of the State of Rio Grande do Sul (Pontifícia Universidade Católica do Rio Grande do Sul) in Porto Alegre, Brazil and an MBA in business management from the Getulio Vargas Foundation (Fundação Getulio Vargas –FGV) in São Paulo, Brazil.