09:37 AM EDT, 04/26/2024 (MT Newswires) -- XP (XP) said Friday that Victor Mansur will succeed Bruno Constantino as its chief financial officer.

Mansur, whose appointment as CFO will take effect Aug. 1, is XP's current deputy CFO, the company said.

Constantino will continue to support the company as an adviser for 12 months following the transition and will remain a board member, XP said.

In a separate statement, XP said it is looking to add four new independent directors to create a majority-independent board.

The company said the four new directors are expected to be elected at the annual meeting on May 24, after which the board will have five independent directors, three non-independent directors, and founder and chairman Guilherme Benchimol.

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