UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN
PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of October 2023
Commission File Number: 001-38714
STONECO LTD.
(Exact name of
registrant as specified in its charter)
4th Floor, Harbour Place
103 South Church Street, P.O. Box 10240
Grand Cayman, KY1-1002, Cayman Islands
+55 (11) 3004-9680
(Address of principal
executive office)
Indicate by check
mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant
is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
STONECO LTD.
INCORPORATION
BY REFERENCE
This
report on Form 6-K shall be deemed to be incorporated by reference into the registration statement on Form S-8 (Registration Number:
333-265382) of StoneCo Ltd. and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents
or reports subsequently filed or furnished.
SIGNATURE
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
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StoneCo Ltd. |
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By: |
/s/ Mateus Scherer Schwening |
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Name: |
Mateus Scherer Schwening |
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Title: |
Chief Financial Officer and Investor Relations Officer |
Date:
October 10, 2023
EXHIBIT INDEX
Exhibit No. |
Description |
99.1 |
StoneCo Ltd. Press Release dated October 9, 2023 |
Exhibit 99.1
StoneCo Announces Organizational Changes to
Prioritize Client Segments & Software Integration
Georgetown,
Grand Cayman, October 09th, 2023 - StoneCo Ltd. (Nasdaq: STNE; B3: STOC31) (“Stone” or the “Company”) today announced
that it is reorganizing its management structure to better align the Company around specific go-to-market strategies per client segment
and to accelerate the integration of its software and financial solutions.
Financial
Services Segment
The
Financial Services reporting segment will be led by three leaders who will each be responsible for managing StoneCo’s business
for a specific client category. Each will serve on the Company’s Executive Committee, and report directly to the CEO.
| · | Victor
Lino will lead the Micro Merchants Business |
| · | Mateus
Biselli will lead the Small and Medium Merchant Business |
| · | Sandro
Bassili will lead Key Accounts |
Software
Segment
Sandro
Bassili will also lead the Software business. He will be responsible for managing the Software reporting segment, its go-to-market business
and integration initiatives. Mr. Bassili has extensive experience managing people and integration efforts in organizations and will leverage
his responsibilities to accelerate the integration of Software within each client segment. Gilsinei Hansen, current COO of Software,
will remain in the Company as a senior advisor, involved in the daily operations of the Software business and its integration initiatives.
Corporate
and Operations
Some
executives who report directly to the CEO and serve on the Company’s Executive Committee will also assume new responsibilities,
including:
| · | Fabio
Kapitanovas will join StoneCo to lead our People, Shared Services and Operations teams. He
is a senior executive with more than 23 years of experience at Kraft Heinz and AB-Inbev in
various operating roles. He will focus on facilitating company-wide operational excellence
and creating a more coordinated, streamlined and cost-effective approach to operations. |
| · | Lia
Matos, beyond her current responsibilities in Strategy, will also take responsibility for
Marketing. She will coordinate our marketing strategies, institutional branding and end-to-end
client experience more closely. |
| · | João
Bernartt, currently responsible for Product across our financial services platform, will
also take responsibility for Business Development and Innovation. He will coordinate our
growth and development initiatives more closely. |
| · | Marcus
Fontoura, Chief
Technology Officer,
will now report directly to the CEO, emphasizing StoneCo’s dedication to scalability
and accelerated product development. |
| · | Carolina
da Costa has joined StoneCo to lead our Impact and Sustainability initiatives.
She has over 22 years of experience in impact projects across education, healthcare, and
asset management. In education, she served as VP of all Undergraduate Programs at Insper
and led the Entrepreneurship Center and the implementation of the new Engineering Program
at the University.
Carolina will leverage her expertise to work alongside our business leaders in initiatives
associated with client education as well as fostering economic inclusion within the broader
reach of our ecosystem. |
After contributing
significantly during his 6-year tenure, Caio Fiuza has left the Company. Caio will leave an undeniable positive mark not only in the
company but on the Brazilian fintech sector as a whole. Stone acknowledges his monumental contributions, particularly in areas such as
logistics and the creation of Ton, and wishes him every success.
Pedro Zinner, CEO
of StoneCo., remarked, “This strategic reorganization is another important step at putting clients at the heart of our business,
fostering increased accountability, improved outcomes, and superior value delivery. Now, I believe our organization is better aligned
with our strategic focus of enhancing our value proposition through the combination of financial services and software.” Zinner
concluded.
The Executive Committee
of StoneCo is now comprised of the following members:
Name |
Title |
Pedro
Zinner |
Chief
Executive Officer |
Mateus
Scherer |
Chief
Financial Officer & Investor Relations Officer |
Lia
Matos |
Chief
Strategy & Marketing Officer |
João
Bernartt |
Chief
Product & Innovation Officer |
Diego
Salgado |
Chief
Treasury Officer |
Fabio
Kapitanovas |
Chief
People & Operating Officer |
Marcus
Fontoura |
Chief
Technology Officer |
André
Monteiro |
Chief
Risk Officer |
Tatiana
Malamud |
Chief
Legal & Compliance Officer |
Vinicius
Carrasco |
Chief
Economist & Regulatory Affairs Officer |
Victor
Lino |
Chief
Client Officer of Micro Merchants Business |
Mateus
Biselli |
Chief
Client Officer of Small and Medium Merchant Business |
Sandro
Bassili |
Chief
Operating Officer of Software |
Carolina
da Costa |
Chief
Impact & Sustainability Officer |
About StoneCo
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.
Forward-Looking Statements
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. These statements identify prospective
information and may include words such as “believe,” “may,” “will,” “aim,” “estimate,”
“continue,” “anticipate,” “intend,” “expect,” “forecast,” “plan,”
“predict,” “project,” “potential,” “aspiration,” “objectives,” “should,”
“purpose,” “belief,” and similar, or variations of, or the negative of such words and expressions, although not
all forward-looking statements contain these identifying words.
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.
Stone’s actual
results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but
not limited to: more intense competition than expected, lower addition of new clients, regulatory measures, more investments in our business
than expected, and our inability to execute successfully upon our strategic initiatives, among other factors.
Contact:
Investor Relations
investors@stone.co
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