XP Inc. Announces CFO Change

XP Inc., the Brazilian financial services platform, announced a planned leadership transition in its finance department. Gustavo Alejo Viviani has been appointed by the company's board to take on the role of chief financial officer, with his tenure set to begin on August 3, 2026.

The incoming CFO brings more than 25 years of experience in the Brazilian banking sector. Alejo started his career at Citibank Brasil in 1996 and later moved to Santander Brasil in 2000. Over 26 years at Santander, he held management positions in wholesale and retail banking, including managing director of corporate and investment banking and head of wholesale credit recovery. On the consumer side, he served as director of credit collections and recovery and consumer lending, and also filled the role of retail CFO. Most recently, he was CFO, investor relations officer, and executive vice-president responsible for consumer finance at Santander Brasil, and sat on the board of Zurich Santander Brasil.

Alejo holds the CFA charterholder designation, a degree in economics, and has completed executive programs at the University of California-Berkeley, London Business School, and the University of Chicago Booth School of Business.

As part of the transition, current CFO Victor Andreu Mansur Farinassi will leave his post effective May 31, 2026. XP's chief executive officer, Thiago Maffra, will serve as interim CFO from that date until Alejo assumes the role. Maffra will oversee financial operations during the gap and assist with the handover. André Parize will continue in his position as investor relations officer, maintaining the company's dialogue with the investment community.

The company stated that the succession was mutually agreed and designed to support XP's next phase of growth, citing Alejo's expertise as a fit for its long-term strategy.