Corporate update

Sao Paulo, May 19, 2023 – Nubank announces that after more than three years at the company,  Marco Araujo has decided to step down from his role as Chief Legal Officer in early August 2023, to focus on the next phase of his career. Araujo continues to lead several Nubank’s teams and is preparing his transition as the company conducts a market search for the position.

As Chief Legal Officer and General Counsel, Araujo has been leading the Legal, Public Policy, and Compliance teams at Nubank, and has played a key role in structuring these areas as the company went public. Araujo also developed the legal framework for Nubank’s dual IPO-listing on NYSE and B3, a project for which the company was recognized by IFLR Americas Award in two categories: In-house Market Makers of the Year, and Deals of the Year – Equity.

“We are incredibly grateful to Marco for his many contributions and for building a world-class legal team to support Nubank’s scaled growth and ambitions. From leading us through the IPO and setting a strong foundation for global expansion, Marco played a critical leadership role throughout. As he moves on to the next chapter his career, we wish him the best in future endeavors”, said David Vélez, founder and CEO of Nubank.