StoneCo slides as CEO Pedro Zinner to step down in March

StoneCo

07/01/2026 17:34

** Brazilian payments company StoneCo's STNE.O shares slide 8.6% to $13.3

** STNE CEO Pedro Zinner has decided to resign from his position, effective March, for personal reasons

** CFO Mateus Scherer has been appointed as new top boss, effective March

** 9 of 11 brokerages rate stock "buy" or higher and two "hold"; median PT $20 - data compiled by LSEG

** STNE stock fell 12.2% in 2025

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))