Luiz Andre Barroso Obituary, Death – It is with deep grief that StoneCo Ltd. (Nasdaq: STNE) announces the passing on September 17, 2023, of board member Luiz André Barroso. On April 6, 2023, Mr. Barroso joined our board and immediately enhanced our technology staff and overall strategy. Our sympathies and thoughts are with Luiz’s family, friends, and coworkers.
One of the leading providers of financial technology and software to retailers, StoneCo helps them grow and transact business through a variety of channels. “Forward-looking statements” in this press release are covered by the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These predictions and assumptions, together with the current estimates, projections, forecasts, and expectations, constituted the foundation for these forward-looking statements.
As of the day they were initially released, they were made. It is possible to identify prospective information in these statements by using terms like “believe,” “may,” “will,” “aim,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “forecast,” “plan,” “predict,” “project,” “potential,” “aspiration,” “objectives,” “should,” “purpose,” “belief,” and similar terms and expressions, though not all of them do.
Forward-looking statements have numerous risks and uncertainties, many of which are related to circumstances or events outside of Stone’s control. Stone’s actual results could differ materially from those stated or implied in forward-looking statements for a variety of reasons, including but not limited to: more intense competition than anticipated; lower addition of new clients; regulatory measures; more investments in our business than anticipated; and our inability to successfully execute our strategic initiatives, among other factors.