dLocal Appoints Pedro Arnt as Co-Chief Executive Officer alongside Sebastián Kanovich
August 15, 2023
MONTEVIDEO, Uruguay, Aug. 15, 2023 (GLOBE NEWSWIRE) -- DLocal Limited (“dLocal,” the “Company,” “we,” “us,” and “our”) (Nasdaq: DLO), a
technology-first payments platform enabling global enterprise merchants to connect with billions of consumers in emerging markets, today announced
that Pedro Arnt has been appointed as co-Chief Executive Officer and member of the Board of Directors of the Company, effective immediately, to
serve as co-Chief Executive Officer alongside Sebastián Kanovich.
Mr. Arnt has extensive leadership experience in the tech sector and as a public company executive, having spent over 25 years in operations, strategy
and finance, including most recently as Chief Financial Officer for the last twelve years at Mercado Libre, one of the largest technology companies with
operations in Emerging Markets.
Mr. Arnt and Mr. Kanovich form an exceptional partnership, combining highly complementary leadership and skills sets. Mr. Arnt will contribute his
extensive experience in scaling successful high performance tech-driven organizations. Mr. Kanovich contributes significant commercial, tech and
payments expertise, as well as exceptional execution skills. Mr. Kanovich, as a key shareholder of dLocal and co-Chief Executive Officer, together with
Mr Arnt, as co-Chief Executive Officer, have a shared commitment to further execute on the huge opportunities ahead for dLocal.
Mr. Kanovich commented “I am delighted to welcome Pedro as co-CEO. We have a huge opportunity ahead and I am confident that Pedro and I will
steer dLocal's next chapter as we continue to execute on our plan of delivering long-term value for our merchants, consumers, and partners. As a key
shareholder and part of the founding team, I continue to be committed to the future success of Dlocal.”
Mr. Arnt added “I am honored and excited to join dLocal as co-CEO. The company’s proven success in placing customers first, serving many of the
largest technology companies and enterprises in the world, throughout numerous high growth emerging markets, presents a truly unique business
opportunity. I am confident that combining my expertise, both as an operator, public company executive and board member, in designing, building and
scaling organizations, with Sebastian’s and his team’s proven track record of delivering results, will further position dLocal to achieve great things
going forward.”
Eduardo Azar, dLocal’s Chairman of the Board of Directors, stated, "We are thrilled to have Pedro joining the team. Sebastian and Pedro possess
deep knowledge of technology and payments. They have both had very successful experiences working at high-growth companies in Emerging
Markets. Their combined leadership creates a unique opportunity to deliver sustainable, long term value to our shareholders”
About Pedro Arnt
Mr. Arnt has over 25 years of working experience in strategy, operations and finance. Before joining dLocal, Mr. Arnt served as Chief Financial Officer,
Executive Vice President of Mercado Libre for more than twelve years. Prior to his appointment as Chief Financial Officer, Mr. Arnt served in various
capacities since joining Mercado Libre in December 1999. Prior to joining Mercado Libre, Mr. Arnt worked for The Boston Consulting Group. Mr. Arnt
also serves on the Board of Directors of Allegro.eu, a leading publicly traded European marketplace and payments company, and as an Executive
Advisor to Riverwood Capital. He has received numerous accolades as a top TMT public company CFO in Latin America. Mr. Arnt is a British and
Brazilian citizen and holds a bachelor’s degree, magna cum laude, from Haverford College and a master’s degree from the University of Oxford.
About dLocal
dLocal powers local payments in emerging markets, connecting global enterprise merchants with billions of emerging market consumers in 40
countries across APAC, the Middle East, Latin America, and Africa. Through the “One dLocal” platform (one direct API, one platform, and one
contract), global companies can accept payments, send pay-outs and settle funds globally without the need to manage separate pay-in and pay-out
processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.
Forward-Looking Statements
This press release contains certain forward-looking statements. These forward-looking statements convey dLocal’s current expectations or forecasts
of future events. Forward-looking statements regarding dLocal involve known and unknown risks, uncertainties and other factors that may cause
dLocal’s actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or
implied by the forward-looking statements. Certain of these risks and uncertainties are described in the “Risk Factors,” “Forward-Looking Statements”
and “Cautionary Statement Regarding Forward-Looking Statements” sections of dLocal’s filings with the U.S. Securities and Exchange Commission.
Unless required by law, dLocal undertakes no obligation to publicly update or revise any forward-looking statements to reflect circumstances or events
after the date hereof.
Investor Relations Contact:
ir@dlocal.com
Media Contact:
marketing@dlocal.com
