dLocal Welcomes Will Pruett as New Independent Board Member
dLocal Welcomes Will Pruett to the Board of Directors
dLocal Limited (NASDAQ:DLO), a leader in the technology-driven payments space, is excited to announce a significant addition to its Board of Directors. As of July 1, 2025, Will Pruett will join the Board as an Independent Member and will also take a seat on the Audit Committee. This appointment reflects dLocal's commitment to enhancing its governance and strategic oversight.
Strengthening the Board's Expertise
Eduardo Azar, the Chairman of dLocal, expressed enthusiasm about Pruett's appointment. He noted, “We are thrilled to welcome Will Pruett to our Board of Directors.” His extensive experience in capital markets and knowledge of investment strategies will be instrumental as dLocal seeks to further its growth and scalability in the payment processing sector.
Pruett's Extensive Background
Pruett brings an impressive portfolio of experience from his role as an independent board member at PicPay, a prominent digital bank in Brazil. His prior tenure at Fidelity Investments spanned 16 years, during which he served as a portfolio manager for several funds focused on Latin America and emerging markets. He played a critical role in managing funds like the Fidelity Latin America Fund and Fidelity Emerging Markets Opportunities Fund, showcasing his adeptness in navigating complex financial landscapes.
Absorbing Insights from Diverse Markets
Before his impactful years at Fidelity, Pruett worked at HSBC, delving into retail credit and e-commerce operations across diverse regions, including Asia, Europe, and Latin America. His academic credentials are equally impressive, holding an MBA from Harvard Business School and a degree in Economics from the University of Chicago. This blend of practical experience and educational background positions him as a valuable asset to the Board.
Commitment to Long-Term Shareholder Value
With Pruett’s arrival, dLocal is poised to enrich the discussions within the Board and explore innovative strategies that enhance shareholder value. Azar remarked, “His expertise and perspectives will undoubtedly add depth to board discussions and help drive long-term shareholder value.” This highlights dLocal’s proactive approach to governance and its vision for the future.
Transitioning Board Roles
It's important to note that alongside this new appointment, dLocal will bid farewell to Mariam Toulan, whose tenure as an Independent Director will conclude on June 30, 2025. Toulan has been an influential part of the Board, and dLocal expresses its immense gratitude for her contributions throughout her time with the company.
About dLocal
dLocal specializes in enabling local payments within emerging markets, connecting global enterprises with millions of consumers across over 40 countries within Africa, Asia, and Latin America. The innovative “One dLocal” platform simplifies the payment process by offering a unified API, allowing global businesses to manage payments and settlements without the complexities of dealing with various local entities and payment methods. This streamlined approach allows them to focus on their core operations while dLocal handles the intricacies of payment processing.
Frequently Asked Questions
What is dLocal and what services do they offer?
dLocal is a payments technology company specializing in local payments in emerging markets, connecting businesses with consumers worldwide through a single platform.
Who is Will Pruett?
Will Pruett is the newly appointed Independent Board Member of dLocal, bringing significant experience in capital markets and investment strategies from his previous roles.
What role will Will Pruett have on the Board?
Pruett will serve as an Independent Board Member and will also be part of the Audit Committee, strengthening dLocal’s governance.
What changes are happening with dLocal’s Board of Directors?
The company is welcoming Will Pruett and saying goodbye to Mariam Toulan, who has served as an Independent Director until June 30, 2025.
How does dLocal support its merchants?
dLocal offers a unique platform that enables merchants to manage payments seamlessly across multiple emerging markets without dealing with multiple local processors.
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