XP Announces Corporate Governance Changes to Support its Next Chapter of Growth - Seite 2

Founder and Chairman Guilherme Benchimol said, “XP is thrilled to welcome these four talented, independent leaders to our Board of Directors, and we look forward to benefiting from their diverse perspectives and expertise as we continue to advance our purpose of transforming the financial markets to improve people’s lives.”

“These Directors were identified through a comprehensive and robust search process supported by third-party experts, and we are confident that they will contribute toward XP’s strategy, cultural development, risk management and compliance as the company continues on its strong growth trajectory. I would like to thank Luiz, Frederico, Cristiana and Fabrício for their valuable contributions to our Board of Directors and their thoughtful stewardship of XP.”

Non-Independent Directors

• Guilherme Benchimol is the Founder and Executive Chairman of XP and served as its CEO for 20 years. Guilherme has defined XP's mission, set it on its growth path and established its culture throughout the Company's life.
• Gabriel Leal was an executive of the Company for more than 17 years until 2023, building XP’s channel distribution from the ground up.
• Bernardo Amaral was an executive of the Company for more than 16 years until 2023, serving as XP’s Chief Risk Officer and General Counsel.
• Bruno Constantino has more than 26 years of experience in financial markets. He has served in an executive role at XP for more than 11 years, including leading the Company’s financial strategy as Chief Financial Officer for the last 5 years.

Together with this announcement, XP also announced Mr. Constantino’s transition out of the CFO role, separating these executive and director roles.

New Board Committees and Composition

Concurrently with the appointment of the new Directors, XP’s Board is forming two new committees in addition to its existing Audit and Compensation Committees.

Charged with overseeing the Company’s risk-related policies and practices, including those with respect to environmental, social and governance areas, the new Risks, Credit and ESG Committee will include Oscar Rodriguez Herrero, Bernardo Amaral, and Bruno Constantino.

The Board has also established a Strategy and Performance Committee responsible for monitoring the Company’s performance and providing strategic direction. The composition of this committee ensures that it will benefit both from internal and external perspectives as well as decades of experience in setting corporate vision and strategy and executing on those plans. The committee will include Guilherme Benchimol, Bruno Constantino, Gabriel Leal, João Teixeira and José Acar.