MercadoLibre Announces CFO Change

MercadoLibre Announces CFO Change

MercadoLibre , Inc. (Nasdaq: NASDAQ: MELI )—the leading technology company in e-commerce and financial services in Latin America—announced today the appointment of Martín de los Santos as its new CFO. The current CFO, Pedro Arnt, will leave his position to pursue new opportunities outside the company.

Marcos Galperin, CEO of Mercado Libre expressed: “I want to express my gratitude to Pedro for his leadership and contributions since he joined Mercado Libre 24 years ago. His human and professional guidance have left a significant mark on our entire team. We wish Pedro all the best in the next chapter of his professional life."

Galperin also stated: “I am excited to welcome Martin as the new CFO. Martin is an accomplished leader with a proven track record of driving transformational strategies in our Fintech, Consumer credits, Merchant Credits and Credit Card businesses and across Mercado Libre. He has solid experience leading new business development, strategic planning and oversight of investor relations. I am confident that his background and strong financial acumen make him the right leader to continue furthering Mercado Libre’s strong growth and achieve our financial goals long-term".

Most recently, Martín de los Santos was Senior Vice President of the Credits division, a business unit that he launched and scaled over the last 7 years. With a solid track record in the financial markets, Martín de los Santos held various positions since he joined the company in 2008. He joined the Management Team as Vice President of Corporate Development, Treasury and Investor Relations between 2013 and late 2015, when he moved to develop our Credits business. Prior to joining the Company, Mr. de los Santos was Chief Financial Officer of Vostu, a gaming company and previously worked for Impsa, Goldman Sachs and McKinsey. Mr. de los Santos has an MBA from Stanford University and a Bachelor of Science from the University of North Carolina at Chapel Hill.

Andrés Anavi, Senior Vice President at Mercado Pago, succeeds de los Santos as SVP of Mercado Crédito, demonstrating the company’s capacity to promote in-company growth and development. Mr. Anavi, who joined Mercado Libre in 2021, was previously a Managing Director and Partner at Boston Consulting Group and held positions at Citigroup and Goldman Sachs. Anavi holds an MBA from Harvard Business School and a Bachelor's degree in Economics from Universidad de San Andres.

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