Vasta announces CEO transition plan
24 3월 2023 - 5:59AM
Business Wire
Vasta Platform Limited (NASDAQ: VSTA), or the “Company”, today
announced a transition plan for its chief executive officer, or
“CEO.”
After 36 years dedicated to education as a teacher, entrepreneur
and executive, Mr. Mario Ghio has chosen to step down from his
executive role with the Company. After Mr. Ghio’s departure on
April 30, 2023, Mr. Guilherme Mélega, the Company’s current chief
operating officer, will assume the CEO role.
In nearly 30 years with the Company, Mr. Ghio has led the growth
and consolidation of one of the main players in the primary
education segment in Brazil, helping to build a business offering a
technology-powered, integrated platform of products and
services.
Mr. Ghio and Mr. Mélega have worked very closely in recent
years, which is expected to promote a smooth transition in
leadership and continuity in the management of Vasta. Beginning in
April 2023, Mr. Ghio will assist Mr. Mélega in the transition of
the CEO role until April 30, 2023 and will continue to serve as a
member of the Company's Board of Directors and play a role in the
Company's long-term strategy. Mr. Ghio will also continue to
represent the Company in his role as the President of ABRASPE, the
Brazilian Association of Education Systems and Platforms, an
organization of leading companies in the sector.
Mr. Mélega will assume the CEO position at a time of strong
growth for the Company following the recovery from the challenges
posed by the COVID-19 pandemic. Mr. Mélega has been with the
Company for almost 10 years. Between 2015 and 2017, he served as
the CEO of Red Balloon, one of the Company’s proprietary language
schools and a leader among Brazilian language schools for children.
Mr. Mélega has also served in an executive capacity in other
companies in the education and other sectors, such as Abril
Educação, Braskem and Whirlpool.
About Vasta
Vasta is a leading, high-growth education company in Brazil
powered by technology, providing end-to-end educational and digital
solutions that cater to all needs of private schools operating in
the K-12 educational segment, ultimately benefiting all of Vasta’s
stakeholders, including students, parents, educators,
administrators and private school owners. Vasta’s mission is to
help private K-12 schools to be better and more profitable,
supporting their digital transformation. Vasta believes it is
uniquely positioned to help schools in Brazil undergo the process
of digital transformation and bring their education skill-set to
the 21st century. Vasta promotes the unified use of technology in
K-12 education with enhanced data and actionable insight for
educators, increased collaboration among support staff and
improvements in production, efficiency and quality. For more
information, please visit ir.vastaplatform.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the "safe harbor" provisions of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements are made as of the date they were first issued and were
based on current expectations, estimates, forecasts and projections
as well as the beliefs and assumptions of management.
Forward-looking statements are subject to a number of risks and
uncertainties, many of which involve factors or circumstances that
are beyond our control. As a consequence, current plans,
anticipated actions and future financial position and results of
operations could differ materially from those stated or implied in
forward-looking statements due to several factors, including but
not limited to risks and uncertainties described in our filings
with the U.S. Securities and Exchange Commission. Forward-looking
statements speak only as of the date they are made, and we do not
undertake any obligation to update them in light of new information
or future developments or to release publicly any revisions to
these statements in order to reflect later events or circumstances
or to reflect the occurrence of unanticipated events.
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version on businesswire.com: https://www.businesswire.com/news/home/20230323005606/en/
Investor Relations ir@vastaplatform.com
Vasta Platform (NASDAQ:VSTA)
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