dLocal's New COO, Carlos Menendez: A Strategic Vision Ahead

Leadership Changes at dLocal: Carlos Menendez Takes Helm as COO

dLocal, a prominent cross-border payment platform known for its focus on high-growth markets, has made a significant leadership change with the appointment of Carlos Menendez as Chief Operating Officer (COO). This transition marks a pivotal moment for the company, which is renowned for connecting global enterprises to billions of consumers in emerging markets.

The Transition Period and Future Plans

The current COO and Co-President, Jacobo Singer, will continue in his roles during a transition period until December. Carlos Menendez and Jacobo will collaborate closely to ensure that the handover of responsibilities is seamless. After this period, Jacobo will remain on dLocal’s Board of Directors, contributing his insights and guidance.

Carlos Menendez: A Wealth of Experience

Carlos Menendez comes to dLocal with over three decades of experience, having held executive roles in industry giants like Mastercard, Citibank, and Procter & Gamble. His vast expertise in operational management and global strategic leadership is expected to propel dLocal's growth trajectory as it further establishes itself in the competitive fintech landscape.

Insights from Leadership

Pedro Arnt, dLocal's CEO, expressed enthusiasm about Carlos's appointment, citing his successful history in scaling businesses and forming strategic partnerships as essential to dLocal's ongoing development. "His extensive experience will be invaluable as we continue to evolve and enhance our operations around the world,” Arnt stated. Carlos is known for his talent in managing global P&Ls and executing vital strategic initiatives.

DLocal's Unique Market Position

The company specializes in digital payment solutions that facilitate transactions in a multitude of emerging markets across Africa, Asia, and Latin America. By adhering to the “One dLocal” approach, which integrates a unified direct API, a single platform, and one contract, dLocal empowers international firms to manage their payment processes without the hassle of dealing with numerous local entities and payment methods.

A Strong Commitment to Innovation

Upon accepting his new role, Menendez expressed his excitement about joining dLocal. He acknowledged the company’s commitment to customer-centric operations and highlighted the incredible opportunity to serve some of the largest tech companies in the world. His aim is to leverage his skills in organization building and scaling to further drive dLocal forward.

Welcoming New Leadership

Jacobo Singer expressed confidence in Carlos’s ability to lead the operational side of the business effectively while he transitions to his new role on the Board of Directors: "Carlos’s leadership will foster continuous innovation and support our mission of empowering global merchants in connecting with consumers in emerging markets.”

Gratitude for Past Leadership

Eduardo Azar, Chairman of the Board, acknowledged Jacobo’s significant contributions during his tenure as COO and Co-President, highlighting his instrumental role in dLocal’s success. He conveyed optimism about the company’s future with Carlos at the helm.

Contact Information

For any investor inquiries, you can reach the dLocal team at: investor@dlocal.com. For media-related questions, please contact: marketing@dlocal.com.

Frequently Asked Questions

What motivated dLocal to appoint Carlos Menendez as COO?

dLocal believes Carlos's extensive experience in fintech and global business operations will drive the company's growth and innovation.

What roles will Jacobo Singer retain after the transition?

Jacobo Singer will remain on the Board of Directors after stepping down as COO and Co-President, continuing to provide guidance to the company.

How does dLocal facilitate payments in emerging markets?

dLocal utilizes a unified platform and API that allows global enterprises to handle payments efficiently across various regions without the need for numerous local integrations.

What are Carlos Menendez's qualifications?

Carlos holds a bachelor's degree from Harvard University and an MBA from Wharton, along with 30+ years of experience in various leading companies.

How can I reach out to dLocal for investor relations?

Interested parties can contact dLocal's investor relations at investor@dlocal.com for inquiries.

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