MercadoLibre, Inc. announced resignation of Pedro Arnt as Chief Financial Officer of the Company, effective as of August 10, 2023, in order to pursue a new opportunity. On August 10, 2023, the Board of Directors of the Company appointed Martín de los Santos, who currently serves as the Company?s Senior Vice President of Mercado Credito, to serve as Senior Vice President and Chief Financial Officer, effective August 10, 2023. Mr. de los Santos, 53, has served in various capacities since joining the Company in 2013.

Mr. de los Santos initially held the position of Vice President of Corporate Development, Treasury & Investor Relations from the time of his hiring until October 2015. Since October 2015, Mr. de los Santos has held the position of Senior Vice President of Mercado Credito. Prior to joining the Company, Mr. de los Santos was a member of the Board of Directors of the Company from 2008 to 2013.

He was also the Chief Financial Officer of Vostu and prior to that the Head of Business Development at IMPSA. Mr. de los Santos holds a Master of Business Administration from Stanford University and a Bachelor of Science degree from The University of North Carolina at Chapel Hill. Mr. de los Santos does not have any family relationships with any director or executive officer of the Company, and there are no arrangements or understandings with any persons pursuant to which Mr. de los Santos has been appointed to his position.

Andrés Anavi, Senior Vice President at Mercado Pago, succeeds de los Santos as SVP of Mercado Crédito, demonstrating the company?s capacity to promote in-company growth and development. Mr. Anavi, who joined Mercado Libre in 2021, was previously a Managing Director and Partner at Boston Consulting Group and held positions at Citigroup and Goldman Sachs. Anavi holds an MBA from Harvard Business School and a Bachelor's degree in Economics from Universidad de San Andres.