Luiz Barroso Obituary, Death Cause – StoneCo Ltd. (Nasdaq: STNE) (“Stone” or the “Company”) is deeply saddened to announce the untimely passing of Board Member Luiz André Barroso on September 17th, 2023. Mr. Barroso, who had joined our esteemed Board on April 6th, 2023, made significant contributions to our technology team and played an instrumental role in shaping our overall strategy. His loss leaves a void that will be difficult to fill, and our hearts and thoughts go out to Luiz’s family, friends, and colleagues during this difficult time. Future decisions regarding the vacant Board seat left by Mr. Barroso will be made in due course, as we take the necessary time to reflect on the right individual to carry on his legacy.
StoneCo is a leading provider of financial technology and software solutions that empower merchants to conduct commerce seamlessly across multiple channels and help them grow their businesses. Our commitment to innovation and excellence has been a driving force behind our success, and we remain steadfast in our mission to support businesses in achieving their goals. This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts, and projections as well as the beliefs and assumptions of management. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Stone’s control. Our company remains committed to transparency and will continue to communicate any material updates to our shareholders and stakeholders as appropriate.
