Nubank says Youssef Lahrech stepped down as president, COO

Reuters

05-21

Nubank says Youssef Lahrech stepped down as president, COO

SAO PAULO, May 20 (Reuters) - Nu Holdings NU.N, the listed-entity which runs Brazilian digital lender Nubank, said on Tuesday that Youssef Lahrech stepped down as president and chief operating officer.

Nu Holdings said in a securities filing that Lahrech's functions will be absorbed by Chief Executive Officer David Velez. Lahrech will counsel the audit and risk committee of Nu Holdings' board of directors and advise the company in strategic credit-related initiatives, it added.

(Reporting by Andre Romani; Editing by Brendan O'Boyle)

((Andre.Romani@thomsonreuters.com; 11 991314109;11 56447500;))

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