PagSeguro Announces Senior Management Changes
São Paulo, October 8, 2021 – PagSeguro Digital Ltd., or PagSeguro (NYSE: PAGS), has announced that the PagSeguro Board of Directors has appointed Mr. Alexandre Magnani as Chief Operating Officer (COO), reporting to Mr. Ricardo Dutra, Chief Executive Officer ( CEO). Mr. Magnani has been with PagSeguro since January 2015, serving as the company’s director of international sales and financial services, including leadership in sales, business acquisition and e-commerce, among others. Prior to joining PagSeguro, Mr. Magnani worked for almost 15 years at Mastercard International, leading their regional business development initiatives and retail issuers in Latin America. Prior to that, he spent more than five years for Redecard and Credicard in Brazil. Mr. Magnani holds a BA and MBA in Business Management from the Getulio Vargas Foundation (Fundação Getulio Vargas -FGV) in São Paulo, Brazil. Mr. Eduardo Alcaro is stepping down as Director of Business Development and will continue to be Vice-Chairman of the Board of PagSeguro and a member of the Board of Directors of the majority shareholder of PagSeguro, UOL – Universo Online SA
About PagBank PagSeguro
PagBank PagSeguro is a disruptive provider of financial technology solutions focused primarily on consumers, individual entrepreneurs, micro-traders, small businesses and medium-sized businesses in Brazil. Among its peers, PagBank PagSeguro is the only financial technology provider in Brazil whose business model covers the following five pillars:
- Multiple digital banking solutions
- In personpayments through point of sale (POS) devices that PagSeguro Digital provides to merchants
- Free digital accounts that PagSeguro Digital provides to its consumers and merchants with features such as bill payment, prepaid cell phone credit, wire transfers, peer to peer cash transfers, prepaid credit cards, cards payment, loans, investments, QR code payments, and payroll portability, among other digital banking services
- Prepaid, cash and credit card issuer
- Act as a full purchaser
PagBank PagSeguro is a UOL group company that offers a simple, safe and hassle-free way to own a free PagBank digital account, which is similar to a regular checking account linked to the Brazilian Central Bank platform, with the option to ” accept payments, where its customers can process and manage their cash, without needing to open a regular bank account. PagBank’s end-to-end digital banking ecosystem PagSeguro enables its customers to accept a wide range of online and in-person payment methods including credit cards, debit cards, meal voucher cards, boletos, bank transfers, direct debits and cash deposits.
PagBank PagSeguro’s mission is to disrupt and democratize financial services in Brazil, a concentrated, underpenetrated, and high interest rate market, by providing an end-to-end digital banking ecosystem that is secure, affordable, simple and mobile first for merchants and consumers. .
SOURCE: PagBank PagSeguro
+55 (11) 3914-9524
This press release includes “forward-looking statements” within the meaning of US federal securities laws. Statements contained in this document which are not clearly historical in nature are forward-looking, and the words “anticipate”, “believe”, “continue”, “expect”, “estimate”, “intend”, “Project” and similar expressions and future or conditional verbs such as “will”, “should”, “should”, “could”, “could”, “could”, “could”, or similar expressions are generally intended to identify forward-looking statements. We cannot guarantee that such statements will prove to be correct. These forward-looking statements speak only as of the date hereof and are based on our current plans, potential merger and acquisition opportunities, estimates of future events, expectations and trends (including trends related to global and Brazilian economies and capital markets, as well as the continued economic, financial, political and public health effects of the coronavirus, or the COVID-19 pandemic.) that affect or may affect our business, financial condition, our results of operations, cash flow, liquidity, outlook and the transaction price of our Class A common shares and are subject to a number of known and unknown risks and uncertainties, many of which are beyond our control. Accordingly, current plans, potential merger and acquisition opportunities, planned actions and future financial condition and results of operations may differ materially from those expressed in the forward-looking statements in this press release. You are cautioned not to place undue reliance on these forward-looking statements when evaluating the information presented. In light of the risks and uncertainties described above, future events and circumstances mentioned in this press release may not occur and are not guarantees of future performance. Due to these uncertainties, you should not make any investment decisions based on these estimates and forward-looking statements. For further information on factors that may lead to results different from what we expect, please see the reports we file with the United States Securities and Exchange Commission (SEC) and in particular the factors discussed under “Forward-Looking Statements” and “Risk Factors Statements” sections in our Annual Report on Form 20-F filed with the SEC on April 27, 2021.
PagSeguro Digital Ltd. published this content on 08 October 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 08 October 2021 22:01:09 UTC.
Public now 2021
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