DLocal completes board transition, appoints Ybarra, Mattos as directors

dLocal (DLO) announced it has completed the transition to a nine-person, majority independent Board of Directors, now comprising five independent members. Following through on the governance update shared in August during its second quarter earnings presentation, dLocal has appointed Paco Ybarra and Nelson Mattos as independent directors. Ybarra joins the Board after a 36-year career at Citigroup (C), where he was CEO of Citi’s Institutional Clients Group. Mattos brings product development and engineering leadership experience, including service as Vice President at Google (GOOGL( for Europe and Emerging Markets