Arco Announces Appointment of New Director
May 17 2021 - 05:33PM
Business Wire
Arco Platform Limited, or Arco (Nasdaq: ARCE), announced
today that it has appointed Paula Soares de Sá Cavalcante to
its Board of Directors, effective as of today.
The appointment of Ms. Cavalcante, a shareholder from Arco’s
founding family, is part of a long-term succession plan for Mr. Oto
de Sá Cavalcante and reinforces the family’s long-term commitment
to Arco.
Ms. Cavalcante holds a bachelor’s degree in Business
Administration from the University of Fortaleza and a postgraduate
degree in Finance from Insper. She worked at Deloitte in the
auditing and mergers and acquisitions areas for 4 years.
Arco’s Board of Directors is now composed of three members of
the controlling family, including its non-executive Chairman, its
CEO, and Ms. Cavalcante, and seven 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
David Peixoto dos Santos
Independent Director*
Edward Ruiz
Independent Director*
Martin Escobari
Independent Director
Pablo Doberti
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
This press release includes “forward-looking statements” within
the meaning of the U.S. federal securities laws. Statements
contained herein that are not clearly historical in nature are
forward-looking, and the words “anticipate,” “believe,”
“continues,” “expect,” “estimate,” “intend,” “project” and similar
expressions and future or conditional verbs such as “will,”
“would,” “should,” “could,” “might,” “can,” “may,” or similar
expressions are generally intended to identify forward-looking
statements. These forward-looking statements speak only as of the
date hereof and are based on Arco’s current plans, estimates of
future events, expectations and trends that affect or may affect
our business, financial condition, results of operations, cash
flow, liquidity, prospects and the trading price of Arco’s Class A
common shares, and are subject to several known and unknown
uncertainties and risks, many of which are beyond Arco’s control.
Therefore, current plans, anticipated actions and future financial
position and results of operations may differ significantly from
those expressed in any forward-looking statements in this press
release. You are cautioned not to unduly rely on such
forward-looking statements when evaluating the information
presented. Arco does not undertake any obligation to update
publicly or to revise any forward-looking statements after we
distribute this press release because of new information, future
events or other factors.
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Investor Relations Contact Arco Platform Limited
IR@arcoeducacao.com.br Carina Carreira
Arco Platform (NASDAQ:ARCE)
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