MercadoLibre: CFO Pedro Arnt Steps Away in Surprise Move but Leaves Company in Excellent Shape

In big news for the largest online commerce marketplace in Latin America, Pedro Arnt, the CFO and the most visible figure on the senior leadership team at MercadoLibre, is stepping down to pursue other opportunities. He will be replaced by Martin de los Santos, the head of the Mercado Credito segment. Arnt spent 24 years with wide-moat MercadoLibre, overseeing key periods as the firm grew from a predominately peer-to-peer marketplace into a model analogous to that of wide-moat Amazon in the United States, with a sprawling fulfillment network, large base of professional merchants, and nearly $35 billion in 2022 gross merchandise volume. We expect to maintain our Exemplary capital allocation rating during the transition period, and we expect to closely monitor how the firm's strategy evolves under new leadership.