StoneCo Ltd. announced that pursuant to written resolutions of its Board of Directors dated May 10, 2021, Mr. Pedro Franceschi and Mr. Mateus Scherer Schwening were appointed to the Board of Directors, effective May 17, 2021. Pedro Franceschi is Co-Founder & Co-CEO of Brex. Mateus Scherer Schwening has been a partner at StoneCo Ltd. since 2015. At StoneCo, he has been responsible for Treasury, Capital Allocation and Strategic Projects in connection with new investments, mergers and acquisition, capital raises, compensation, among others. Prior to joining the company, he served as equity analyst for Nucleo Capital, from 2013 to 2015. Mr. Scherer completed a Bachelor of Science (BS) in Economics at Insper. With Mr. Franceschis and Mr. Scherers appointments, Stones current Board members are Mr. André Street, Mr. Eduardo Cunha Monnerat Solon de Pontes and Mr. Thomas A. Patterson, Mr. Ali Mazanderani, Mr. Roberto Moses Thompson Motta, Mr. Sílvio José Morais, Ms. Luciana Aguiar, Mr. Franceschi and Mr. Scherer. At the same meeting of the Board of Directors, two new Board Committees were created, namely the Technology Committee, responsible for strategic technology and cyber-risks decisions, composed by Mr. Scherer, Mr. Franceschi and Eduardo Pontes; and the Related Parties Committee, responsible for the approval of transactions involving related parties of the Company, composed by Mr. Thomas Patterson, Mr. Roberto Thompson Motta and Mr. Sílvio José Morais. Additionally, the Board approved some additional changes in the composition of its Finance Committee and Compensation Committee, which shall now be composed of Mr. Roberto Thompson Motta, Mr. Thomas Patterson and Mr. Scherer (Finance Committee), and Mr. André Street, Mr. Roberto Thompson Motta and Mr. Scherer (Compensation Committee). The composition of the Companys Audit Committee remains unchanged.