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dLocal announces appointment of Independent Board Member

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dLocal (NASDAQ:DLO), a technology-first payments platform, has announced the appointment of Will Pruett as an Independent Board Member and Audit Committee member, effective July 1, 2025. Pruett brings extensive experience from his 16-year tenure at Fidelity Investments, where he managed multiple emerging markets funds, and his previous role at HSBC.

The appointment aims to strengthen dLocal's board expertise in capital markets and emerging markets. Pruett currently serves as an independent board member at PicPay and holds degrees from Harvard Business School and the University of Chicago. The company also announced that Mariam Toulan will conclude her term as Independent Director on June 30, 2025.

dLocal (NASDAQ:DLO), una piattaforma di pagamenti tecnologica, ha annunciato la nomina di Will Pruett come membro indipendente del consiglio di amministrazione e del comitato di revisione, a partire dal 1° luglio 2025. Pruett porta con sé una vasta esperienza maturata durante i suoi 16 anni in Fidelity Investments, dove ha gestito diversi fondi nei mercati emergenti, oltre al suo precedente ruolo presso HSBC.

La nomina mira a rafforzare le competenze del consiglio di dLocal nei mercati dei capitali e nei mercati emergenti. Attualmente Pruett è membro indipendente del consiglio di PicPay e ha conseguito lauree presso la Harvard Business School e l'Università di Chicago. L'azienda ha inoltre annunciato che Mariam Toulan terminerà il suo mandato come direttrice indipendente il 30 giugno 2025.

dLocal (NASDAQ:DLO), una plataforma de pagos con enfoque tecnológico, ha anunciado el nombramiento de Will Pruett como miembro independiente de la junta directiva y del comité de auditoría, efectivo a partir del 1 de julio de 2025. Pruett aporta una amplia experiencia tras 16 años en Fidelity Investments, donde gestionó varios fondos de mercados emergentes, además de su rol previo en HSBC.

El nombramiento busca fortalecer la experiencia de la junta de dLocal en mercados de capital y mercados emergentes. Actualmente, Pruett es miembro independiente de la junta en PicPay y tiene títulos de Harvard Business School y la Universidad de Chicago. La empresa también anunció que Mariam Toulan concluirá su mandato como directora independiente el 30 de junio de 2025.

dLocal (NASDAQ:DLO)는 기술 중심 결제 플랫폼으로, 2025년 7월 1일부로 독립 이사 및 감사위원회 위원으로 윌 프루엣(Will Pruett)을 임명했다고 발표했습니다. 프루엣은 Fidelity Investments에서 16년간 근무하며 여러 신흥시장 펀드를 관리한 경험과 HSBC에서의 이전 경력을 보유하고 있습니다.

이번 임명은 dLocal 이사회의 자본 시장 및 신흥 시장에 대한 전문성을 강화하기 위한 것입니다. 프루엣은 현재 PicPay의 독립 이사로 활동 중이며 하버드 비즈니스 스쿨과 시카고 대학교에서 학위를 받았습니다. 또한, Mariam Toulan은 2025년 6월 30일부로 독립 이사 임기를 마칠 예정이라고 회사는 밝혔습니다.

dLocal (NASDAQ:DLO), une plateforme de paiement axée sur la technologie, a annoncé la nomination de Will Pruett en tant que membre indépendant du conseil d'administration et du comité d'audit, à compter du 1er juillet 2025. Pruett apporte une vaste expérience acquise lors de ses 16 années chez Fidelity Investments, où il a géré plusieurs fonds sur les marchés émergents, ainsi que son précédent poste chez HSBC.

Cette nomination vise à renforcer l'expertise du conseil d'administration de dLocal dans les marchés des capitaux et les marchés émergents. Pruett est actuellement membre indépendant du conseil chez PicPay et détient des diplômes de la Harvard Business School et de l'Université de Chicago. La société a également annoncé que Mariam Toulan terminera son mandat de directrice indépendante le 30 juin 2025.

dLocal (NASDAQ:DLO), eine technologieorientierte Zahlungsplattform, hat die Ernennung von Will Pruett als unabhängiges Vorstandsmitglied und Mitglied des Prüfungsausschusses mit Wirkung zum 1. Juli 2025 bekannt gegeben. Pruett bringt umfangreiche Erfahrung aus seiner 16-jährigen Tätigkeit bei Fidelity Investments mit, wo er mehrere Schwellenländerfonds verwaltete, sowie aus seiner vorherigen Position bei HSBC.

Die Ernennung soll die Expertise des dLocal-Vorstands in den Bereichen Kapitalmärkte und Schwellenmärkte stärken. Pruett ist derzeit unabhängiges Vorstandsmitglied bei PicPay und hat Abschlüsse der Harvard Business School und der University of Chicago. Das Unternehmen gab außerdem bekannt, dass Mariam Toulan ihr Mandat als unabhängige Direktorin zum 30. Juni 2025 beenden wird.

Positive
  • Appointment of experienced board member with extensive emerging markets expertise
  • Addition of member to Audit Committee enhancing governance oversight
  • New director brings significant capital markets experience from Fidelity Investments
Negative
  • None.

MONTEVIDEO, Uruguay, June 23, 2025 (GLOBE NEWSWIRE) -- DLocal Limited (“dLocal”, “we”, “us”, and “our”) (NASDAQ:DLO), a technology-first payments platform, today announced the appointment of Will Pruett as an Independent Board Member and well as a member of our Audit Committee, effective July 1, 2025. With his extensive expertise in capital markets and emerging markets, Mr. Pruett will play a key role in strengthening the Board’s ability to guide dLocal’s growth and scalability.

“We are thrilled to welcome Will Pruett to our Board of Directors,” said Eduardo Azar, Chairman of dLocal. “His deep knowledge of capital market dynamics and investment strategies, combined with his extensive experience across Latin America, Asia, and Africa, will be invaluable as we continue to expand our business and deliver value to our stakeholders.”

Mr. Pruett serves as an independent board member of PicPay, one of the largest Brazilian digital banks. Previously, Mr. Pruett served at Fidelity Investments for 16 years (from 2008 to 2025), where he was a portfolio manager for the Fidelity Latin America Fund (FLATX), Fidelity Emerging Markets Opportunities Fund (FEMSX) and Fidelity Total Emerging Markets Fund (FTEMX). Prior to Fidelity, Mr. Pruett worked at HSBC, where he held roles in retail credit and e-commerce across Asia, Europe and Latin America. Mr. Pruett holds a master’s degree in Business Administration from the Harvard Business School and a degree in Economics from the University of Chicago.

“His expertise and perspectives will undoubtedly add depth to board discussions and help drive long-term shareholder value. We warmly welcome Mr. Pruett and look forward to his meaningful contributions as we continue to unlock the power of emerging markets for our merchants,” added Eduardo Azar.

This appointment underscores dLocal’s dedication to effective governance and leveraging a diversity of viewpoints to drive growth strategies.

Additionally, dLocal announces that Mariam Toulan's term as Independent Director on the Board of Directors will conclude on June 30, 2025. Ms. Toulan has been a valued member of the Board, and the company expresses its gratitude for her contributions, dedication, and wisdom during her tenure. We wish her all the best in her future endeavors.

About dLocal
dLocal powers local payments in emerging markets, connecting global enterprise merchants with billions of emerging market consumers in more than 40 countries across Africa, Asia, and Latin America. Through the “One dLocal” platform (one direct API, one platform, and one contract), global companies can accept payments, send pay-outs and settle funds globally without the need to manage separate pay-in and pay-out processors, set up numerous local entities, and integrate multiple acquirers and payment methods in each market.

Investor Relations Contact:
investor@dlocal.com

Media Contact:
media@dlocal.com


FAQ

Who is Will Pruett and when will he join dLocal's (DLO) board?

Will Pruett, former Fidelity Investments portfolio manager, will join dLocal's board as an Independent Board Member effective July 1, 2025. He brings 16 years of experience managing emerging markets funds.

What is Will Pruett's background before joining dLocal's board?

Pruett served at Fidelity Investments for 16 years managing Latin America and Emerging Markets funds, worked at HSBC in retail credit and e-commerce, and holds degrees from Harvard Business School and University of Chicago.

Who is leaving dLocal's board of directors?

Mariam Toulan will conclude her term as Independent Director on June 30, 2025.

What committees will Will Pruett serve on at dLocal (DLO)?

Will Pruett will serve as an Independent Board Member and as a member of dLocal's Audit Committee.
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