Cielo loses CEO

Cielo loses CEO

People Technology Digital Payments Brazil

Brazilian payment processing company Cielo said Wednesday that Gustavo Sousa has stepped down as CEO as the company turns its focus to "digital transformation, expansion of business lines and continued market share growth with greater profitability." Sousa joined Cielo as CFO three years ago and became CEO in May 2021. During his time at the company, he worked on a "transformation cycle" that involved selling non-core assets, cutting costs and improving profitability, Cielo said in a securities

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