StoneCo Ltd. announced the retirement of President Augusto Lins from full-time responsibilities, transitioning to a part-time senior advisory role. These change will take effect on July 1, 2023. In addition to the change, the board of directors Finance &Risk committee will be split into two separate committees.

Silvio Morais will return to his role on the board of directors and lead the Finance committee, which will also include Thiago Piau, and Diego Fresco. The Risk committee will be comprised of Patricia Schindler as Head of the committee, Luciana Aguiar, and Conrado Engel. These changes will also take effect on July 1, 2023.