XP Inc. Announces Board Changes Ahead of AGM: Director Resigns, New Interim Member Appointed

summarizeSummary

XP Inc. announced a voluntary director resignation and the appointment of an experienced interim independent director, José Luiz Majolo, to its Board and as Chair of the Risks, Credit and ESG Committee, ahead of its Annual General Meeting.

check_boxKey Events

• Director Resignation

  Oscar Rodriguez Herrero voluntarily withdrew his candidacy for re-election and will resign from the Board effective May 29, 2026. The company stated this was not due to any disagreement with the company or the Board.

• New Interim Board Member Appointed

  José Luiz Majolo, with a background as Chairman of the Brazilian Deposit Insurance Fund and CEO of Banco Sudameris, was appointed as an interim independent board member, effective May 29, 2026, until the 2027 AGM.

• New Committee Chair

  Mr. Majolo was also approved as a member and Chair of the Risks, Credit and ESG Committee of the Board, filling the vacancy created by Mr. Herrero's resignation.

• Audit Committee Appointment

  Current director Melissa Werneck will join the Audit Committee, filling the vacancy created by Mr. Herrero's resignation, effective upon her re-election to the Board by shareholders at the AGM.

auto_awesomeAnalysis

This filing updates the upcoming Annual General Meeting (AGM) agenda. A current director, Oscar Rodriguez Herrero, has voluntarily withdrawn his candidacy for re-election and will resign from the Board. The company states this is not due to any disagreement. To fill the vacancy, Ms. Melissa Werneck, an existing director, will join the Audit Committee, and Mr. José Luiz Majolo, with a strong financial background, has been appointed as an interim independent board member and Chair of the Risks, Credit and ESG Committee. These changes represent a notable reshuffling of the board's composition and committee leadership.