SÃO PAULO, Brazil--(BUSINESS WIRE)--Arco Platform Limited, or Arco (Nasdaq: ARCE), announces that Mr. Pablo Doberti, board member since August 2019, and Mr. David Peixoto, board member since August 2020, have submitted their resignation letters as members of the Board of Directors and, consequently, as members of the Audit Committee, effective as of today.
The announcement is part of a renewal process initiated in the beginning of the year to promote new insights on the business environments and the Company’s strategy.
“The Board of Directors and myself would like to extend our warmest thanks to Mr. Doberti and Mr. Peixoto for the significant contribution they have made to Arco’s mission during their period of office,” said Ari de Sá Neto, Arco’s founder and Chief Executive Officer.
Arco’s Board of Directors is now composed of three members of the controlling family, including its non-executive Chairman and its CEO, and five independent members, resulting in a diversity of skills and experience to enhance Arco’s decision-making and accelerate its mission of delivering high quality education at scale:
Name |
Position |
|
Oto Brasil de Sá Cavalcante |
Chairman |
|
Ari de Sá Cavalcante Neto |
Director |
|
Paula Soares de Sá Cavalcante |
Director |
|
Beatriz Amary |
Independent Director |
|
Carla Schmitzberger |
Independent Director |
|
Edward Ruiz |
Independent Director* |
|
Martin Escobari |
Independent Director |
|
Stelleo Tolda |
Independent Director |
|
* Member of Arco’s Audit Committee. |
||
About Arco Platform Limited (Nasdaq: ARCE)
Arco has empowered hundreds of thousands of students to rewrite their futures through education. Our data-driven learning methodology, proprietary adaptable curriculum, interactive hybrid content, and high-quality pedagogical services allow students to personalize their learning experience with while enabling schools to thrive.
Forward-Looking Statements
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