Stone announced this Tuesday (6) the resignation of Pedro Zinner from the position of CEO of the company, with effect from March 2026. In his place, the Board appointed Mateus Scherer, current CFO and director of Investor Relations.
The company stated that the board intends to nominate Zinner to the Board at the next shareholders’ meeting, and it is expected that he will be appointed President.
Furthermore, Diego Salgado, current head of treasury and member of the executive committee, will expand his responsibilities, assuming the role of CFO and IRO. Meanwhile, Lia Santos, director of strategy and marketing, decided to leave her position, remaining as a consultant. After the sale of Linx is completed, Sandro Bassili is expected to take on the role of COO at Stone.
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Bradesco BBI classifies the news as unexpected, as it did not expect changes in the management team. “We still have some doubts about the changes, especially whether there will be possible changes to the company’s strategy going forward,” says the bank.
Regarding Zinner’s share purchase option, BBI assesses that there will be an adjustment to the existing program, proportional to the time he held the position of CEO. As for the “new” names, the bank believes that Mateus Scherer, the new CEO, and Diego Salgado, the new CFO, have solid qualifications to assume the new positions.
At around 12:38 pm (Brasília time), Stone’s shares registered a drop of 6.42%, to US$ 14.14, on the American stock exchange. Despite the unexpected announcement, BBI maintained a buy recommendation and target price of US$22.
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