dLocal Appoints Pedro Arnt as Co-Chief Executive Officer alongside Sebastián Kanovich
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
"In an interview following the earnings statement, Arnt said he will focus on expanding Dlocal’s payments platform to keep pace with its business clients in emerging markets, shrugging off the idea that the company needs a major revamp.
“I’ve seen scale and built scale like few others in the region and that is primarily what I hope to bring to Dlocal,” he said. “There is no need for a turn-around of a business. If anything, I’d say there is fine-tuning to be done.”"