BELO HORIZONTE, Brazil, February 16, 2023 (GLOBE NEWSWIRE) — Inter&Co (“Inter”, NASDAQ:INTR), the leading super app providing financial and digital commerce services to more than 25 million customers in Brazil and the United States, today announced changes to its Board of Directors. These changes include the appointment of three new directors and the retirement of two existing directors, resulting in an increase in Inter&Co’s Board of Directors to ten members.

Effective immediately, Antonio Kandir, Todd Crawford Chapman and Lorival Nogueira Luz Júnior have been appointed and will join the board under the interim format until Inter’s 2023 Annual General Meeting, which will be held in April, when their appointments will be submitted for shareholder approval.

About Inter&Co’s new interim directors:

• Antonio Kandir is a former Minister of State for Planning and Budget. He sits on the board of several Brazilian companies including GOL, Aegea, CPFL, CSU Digital and MRV. Mr. Kandir will also serve as a member of the Audit Committee of Inter&Co and will remain a member of the Audit Committee of Banco Inter SA, an Inter&Co subsidiary. Kandir has a solid background in economics.
• death Chapman is a former US diplomat who has held a number of key positions including US Ambassador to Brazil. He has also served on the Advisory Board of Inter&Co and has been closely involved in the international expansion into the US and now he will continue to play a key role in helping Inter’s international expansion.
• Lorival Luz is a highly respected executive and former CEO of BRF BRFS, one of the largest global food companies with a presence in more than 100 countries around the world. Lorival has significant financial credentials and will also support Banco Inter SA in participating in the Asset & Liability Committee.
  

At the same time, Thiago dos Santos Piau and Carlos Henrique Carneiro de Medeiros left the Board of Directors. Inter would like to thank Mr. Piau and Mr….