DLocal announced that Mark Ortiz will step down from his role as Chief Financial Officer due to an unforeseen health issue requiring his full attention. The transition is scheduled to take effect once the company files its annual report on Form 20-F, but no later than May 1, 2025.
Jeffrey Brown, who currently serves as VP Finance, has been appointed as interim Chief Financial Officer while the Board of Directors conducts a comprehensive search for a permanent successor. Mr. Brown brings extensive financial expertise, having held leadership roles at Bank of America, RPX Corporation, and as CFO at Geopagos.
CEO Pedro Arnt expressed appreciation for Mr. Ortiz's leadership and contributions to DLocal's financial strategy. Mr. Ortiz will remain available as an advisor during the search and transition period, to the extent permitted by his health, to ensure a smooth handover.
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