Guilherme Benchimol Assumes Executive Chairman Role to Lead Key Growth & Strategic Initiatives for the Next Evolution of XP Inc; Thiago Maffra (CTO) Will Be Named CEO
Mr. Maffra joined
Below a message from our founder and CEO,
Shaping the Future of
I am very proud of what we have accomplished so far at XP, but I am even more excited about our future and the next evolution of our journey to help transform the lives of people in
In order to help XP stay one step ahead and focused on our long-term strategic goals, I’m announcing today that I am assuming the role of Executive Chairman at
I believe this will enable me to focus on building our future, making sure we are stronger and better prepared for many years to come. My dedication, availability and involvement in XP will remain the same as it has been for the past twenty years, and the long-term success of the business is my single and most important goal.
As the company’s founder and main shareholder, I am also excited to welcome a new CEO,
Maffra and I believe XP needs to fully evolve from a model in which “technology serves the business” to one where “technology empowers clients, while working for the business”. This type of transformation requires a new mindset, a highly collaborative approach that integrates every facet of XP – from product, design, operations and technology, curating our clients’ experience from end to end.
Maffra has successfully driven this transformation thus far as CTO and will accelerate it as our CEO. He will become the new CEO of XP on
Finally, I’d like to emphasize that we are only at the beginning of our journey and that changes such as this are exciting steps to ensure that
XP is a leading, technology-driven financial services platform and a trusted provider of low-fee financial products and services in
- Educating new classes of investors;
- Democratizing access to a wider range of financial services;
- Developing new financial products and technology applications to empower clients; and
- Providing high-quality customer service and client experience in the industry in
XP provides customers with two principal types of offerings, (i) financial advisory services for retail clients in
Forward Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” variations of these terms or the negative of these terms and similar expressions are intended to identify these statements. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond XP’s control.
XP’s actual results could differ materially from those stated or implied in forward-looking statements due to several factors, including but not limited to: competition, change in clients, regulatory measures, a change the external forces among other factors.