Arco Platform Ltd. (ARCE) Announces New Chief Financial Officer

Arco Platform Limited, or Arco (Nasdaq: ARCE), announced today that Roberto Otero will join Arco as Chief Financial Officer, effective May 11, 2021.

As Arco’s CFO, Mr. Otero will be responsible for leading its finance and investor relations strategy and contributing to the acceleration and continuous evolution of its business. Mr. Otero will report to Arco’s founder and CEO, Ari de Sá Neto.

Mr. Otero joins Arco from Bank of America Merrill Lynch, where he served as an Executive Director since 2009, covering the education sector, among other industries. Mr. Otero has an extensive background in corporate finance, financial planning, investor relations and financial accounting.

Mr. Alexandre Nakamaru, who has occupied the CFO position since October 2020, is transitioning to the position of Accounting & Legal Officer, part of Mr. Otero’s team, and will continue focusing on the evolution of Arco’s internal processes.

Mr. Otero says, “I am extremely honored to join this amazing team on its mission to disrupt the education industry and improve the life of over 1.5 million students in Brazil. Arco’s financial discipline, combined with its entrepreneurial spirit and quality-driven DNA, will pave the way for expanded core business endeavors. To our shareholders and the market in general, we are committed to continuously improve our reporting standards, transparently and with absolute credibility.”

Ari de Sá Neto says, “We are thrilled to have Roberto on our leadership team, as he is a natural fit for Arco’s culture. Roberto will help accelerate our growth strategy, further strengthen our financial performance and continue to build a trustworthy relationship with our current and future shareholders.”

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