dLocal completes transition to a majority independent Board with appointments of Paco Ybarra and Nelson Mattos

Core Insights - dLocal has completed the transition to a nine-person, majority independent Board of Directors, now consisting of five independent members [1][5] Governance Update - The company appointed Paco Ybarra and Nelson Mattos as independent directors, enhancing the Board's expertise in global technology, financial markets, and risk management [2] - Ybarra has a 36-year career at Citigroup, where he served as CEO of Citi's Institutional Clients Group and co-chaired the ICG Risk Management Committee [3] - Mattos has extensive experience in product development and engineering, having served as Vice President at Google and as a Distinguished Engineer at IBM [4] Board Composition - The new Board includes independent directors Will Pruett, Hyman Bielsky, and Veronica Raffo, alongside chairman Andres Bzurovski and current board members Sebastian Kanovich, Luiz Ribeiro, and CEO Pedro Arnt [6] Committees Formation - dLocal is establishing three new committees: a Nominating & Corporate Governance committee, a Compensation committee, and a Product & Technology committee [8] Company Overview - dLocal connects global enterprise merchants with billions of consumers in over 40 countries across Africa, Asia, and Latin America, facilitating payments and settlements through a unified platform [9]