PagSeguro Digital Ltd., or PagSeguro announced that PagSeguro's Board of Directors has appointed Mr. Alexandre Magnani as Chief Operating Officer (COO), reporting to Mr. Ricardo Dutra, Chief Executive Officer (CEO). Mr. Magnani has been working at PagSeguro since January 2015, acting as the Director of the company's Sales and International Financial Services, including leadership in sales, acquiring business and e-commerce, among other areas. Before joining PagSeguro, Mr. Magnani worked for nearly 15 years at Mastercard International. Prior to that, he spent over five years for Redecard and Credicard in Brazil. Mr. Eduardo Alcaro is stepping down as Chief Business Development Officer and will continue to be Vice-Chairman of PagSeguro's Board of Directors and member of the Board of Directors of PagSeguro's controlling shareholder, UOL Universo Online S.A.