{"id":494685,"date":"2021-05-17T17:36:10","date_gmt":"2021-05-17T21:36:10","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/arco-announces-appointment-of-new-director\/"},"modified":"2021-05-17T17:36:10","modified_gmt":"2021-05-17T21:36:10","slug":"arco-announces-appointment-of-new-director","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/arco-announces-appointment-of-new-director\/","title":{"rendered":"Arco Announces Appointment of New Director"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwpadl0 { padding-left: 0px }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwvertalignt { vertical-align: top }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Arco Announces Appointment of New Director<\/b><\/p>\n<p>S\u00c3O PAULO, Brazil&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<b>Arco Platform Limited, or Arco (Nasdaq: ARCE)<\/b>,<b \/>announced today that it has appointed <b>Paula Soares de S\u00e1 Cavalcante <\/b>to its Board of Directors, effective as of today.\n<\/p>\n<p>\nThe appointment of Ms. Cavalcante, a shareholder from Arco\u2019s founding family, is part of a long-term succession plan for Mr. Oto de S\u00e1 Cavalcante and reinforces the family\u2019s long-term commitment to Arco.\n<\/p>\n<p>\nMs. Cavalcante holds a bachelor\u2019s 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.\n<\/p>\n<p>\nArco\u2019s 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\u2019s decision-making and accelerate its mission of delivering high quality education at scale:\n<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nName\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nPosition\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nOto Brasil de S\u00e1 Cavalcante\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nChairman\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAri de S\u00e1 Cavalcante Neto\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDirector\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nPaula Soares de S\u00e1 Cavalcante\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDirector\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nBeatriz Amary\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nIndependent Director\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nCarla Schmitzberger\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nIndependent Director\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDavid Peixoto dos Santos\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nIndependent Director*\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nEdward Ruiz\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nIndependent Director*\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nMartin Escobari\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nIndependent Director\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nPablo Doberti\n<\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nIndependent Director*\n<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nStelleo Tolda\n<\/p>\n<\/td>\n<td class=\"bwsinglebottom\" rowspan=\"1\" colspan=\"1\">\u00a0<\/td>\n<td class=\"bwvertalignt bwsinglebottom bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nIndependent Director\n<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\n* Member of Arco\u2019s Audit Committee.\n<\/p>\n<p><b>About Arco Platform Limited (Nasdaq: ARCE)<\/b><\/p>\n<p>\nArco 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.\n<\/p>\n<p><b>Forward-Looking Statements<\/b><\/p>\n<p>\nThis press release includes \u201cforward-looking statements\u201d 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 \u201canticipate,\u201d \u201cbelieve,\u201d \u201ccontinues,\u201d \u201cexpect,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cproject\u201d and similar expressions and future or conditional verbs such as \u201cwill,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201ccould,\u201d \u201cmight,\u201d \u201ccan,\u201d \u201cmay,\u201d 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\u2019s 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\u2019s Class A common shares, and are subject to several known and unknown uncertainties and risks, many of which are beyond Arco\u2019s 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.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210517005943r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210517005943\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210517005943\/en\/<\/a><\/span><\/p>\n<p><b>Investor Relations Contact<br \/>\n<\/b><br \/>Arco Platform Limited<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:IR@arcoeducacao.com.br\">IR@arcoeducacao.com.br<br \/>\n<\/a><br \/>Carina Carreira\n<\/p>\n<p><b>KEYWORDS:<\/b> South America Brazil<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Technology Other Education Continuing Training University Preschool Primary\/Secondary Data Management Education<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210517005943\/en\/879107\/3\/logo.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Arco Announces Appointment of New Director S\u00c3O PAULO, Brazil&#8211;(BUSINESS WIRE)&#8211;Arco Platform Limited, or Arco (Nasdaq: ARCE),announced today that it has appointed Paula Soares de S\u00e1 Cavalcante to its Board of Directors, effective as of today. The appointment of Ms. Cavalcante, a shareholder from Arco\u2019s founding family, is part of a long-term succession plan for Mr. Oto de S\u00e1 Cavalcante and reinforces the family\u2019s long-term commitment to Arco. Ms. Cavalcante holds a bachelor\u2019s 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\u2019s Board of Directors is now composed of three members of the controlling family, including its &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/arco-announces-appointment-of-new-director\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Arco Announces Appointment of New Director&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-494685","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Arco Announces Appointment of New Director - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/arco-announces-appointment-of-new-director\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arco Announces Appointment of New Director - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Arco Announces Appointment of New Director S\u00c3O PAULO, Brazil&#8211;(BUSINESS WIRE)&#8211;Arco Platform Limited, or Arco (Nasdaq: ARCE),announced today that it has appointed Paula Soares de S\u00e1 Cavalcante to its Board of Directors, effective as of today. The appointment of Ms. Cavalcante, a shareholder from Arco\u2019s founding family, is part of a long-term succession plan for Mr. Oto de S\u00e1 Cavalcante and reinforces the family\u2019s long-term commitment to Arco. Ms. Cavalcante holds a bachelor\u2019s 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. 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The appointment of Ms. Cavalcante, a shareholder from Arco\u2019s founding family, is part of a long-term succession plan for Mr. Oto de S\u00e1 Cavalcante and reinforces the family\u2019s long-term commitment to Arco. Ms. Cavalcante holds a bachelor\u2019s 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\u2019s Board of Directors is now composed of three members of the controlling family, including its &hellip; Continue reading \"Arco Announces Appointment of New Director\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/arco-announces-appointment-of-new-director\/","og_site_name":"Market Newsdesk","article_published_time":"2021-05-17T21:36:10+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210517005943r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/arco-announces-appointment-of-new-director\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/arco-announces-appointment-of-new-director\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Arco Announces Appointment of New Director","datePublished":"2021-05-17T21:36:10+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/arco-announces-appointment-of-new-director\/"},"wordCount":527,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/arco-announces-appointment-of-new-director\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210517005943r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/arco-announces-appointment-of-new-director\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/arco-announces-appointment-of-new-director\/","name":"Arco Announces Appointment of New Director - 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