MONTEVIDEO - dLocal (NASDAQ:DLO), a prominent cross-border payment platform, announced the appointment of Mark Ortiz as its new Chief Financial Officer today.
Ortiz, with over three decades of financial and operational management experience, primarily within GE's portfolio, will oversee key financial operations at dLocal, including accounting, financial planning and analysis, and treasury functions.
Ortiz's extensive background features senior roles at GE, such as Global FP&A Leader for GE Capital and CFO for the Industrial Finance & Energy Financial Services businesses. His international experience, having worked in over 20 markets, aligns with dLocal's focus on emerging markets and its high-growth expansion strategy.
Pedro Arnt, CEO of dLocal, expressed confidence in Ortiz's ability to contribute to the company's growth, citing his financial expertise and global market experience as vital for dLocal's complexity. Ortiz himself acknowledged dLocal's significant achievements and expressed enthusiasm for the company's growth potential.
In his role as CFO, Ortiz will play a central part in deploying dLocal's investments and constructing foundational mechanisms for sustainable and efficient business growth. The company also extended gratitude to outgoing CFO Diego Cabrera Canay for his contributions, particularly in preparing dLocal for international expansion and its public listing process.
dLocal specializes in facilitating local payments in high-growth emerging markets, connecting global merchants to consumers across regions such as Africa, Asia, and Latin America with its "One dLocal" concept, which simplifies payment processes for global companies.
This announcement is based on a press release statement from dLocal Limited.
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