Key Takeaways
XP Inc. (Nasdaq: XP) announced a leadership transition and new capital allocation actions, appointing a new finance chief while also declaring a cash dividend of US$0.20 per share and a R$1.0 billion share buyback program.
The company believes that the incoming CFO, Gustavo Alejo Viviani, brings the expertise, skillset and experience needed to support XP in its continued growth and the execution of its long-term strategy. Mr. Viviani, who joins from a 26-year career at Santander Brasil, will assume the role effective August 3, 2026.
The board-approved dividend of US$0.20 per Class A common share will be paid on June 18, 2026, to shareholders of record as of June 10, 2026. The new share repurchase program authorizes the company to buy back up to R$1.0 billion in shares over the 12 months starting May 19, 2026. As part of the planned CFO transition, Victor Andreu Mansur Farinassi will step down on May 31, 2026, with Chief Executive Officer Thiago Maffra serving as interim CFO to ensure a smooth handover.
These moves signal a focus on shareholder returns and leadership stability as the Brazilian financial platform enters its next growth phase. The combined dividend and buyback represent a significant capital return, while the appointment of a seasoned banking executive to the CFO role suggests a continued focus on financial discipline and strategic expansion.
Mr. Viviani held numerous leadership positions at Santander Brasil, including Managing Director of Corporate and Investment Banking and, most recently, CFO, Investor Relations Officer, and Executive Vice-President. His extensive experience in both wholesale and retail banking is expected to be a key asset for XP's growth. The company expressed its gratitude to outgoing CFO Mr. Mansur for his more than 14 years of service.
The capital return program follows a period of strategic development for the company. The dividend is expected to total approximately R$500 million, and the R$1.0 billion buyback program will be funded from existing cash.
The combination of a planned leadership change with shareholder-friendly capital allocation actions suggests confidence from the board in the company's financial position and future prospects. Investors will watch for Mr. Viviani's strategic priorities after he officially takes office in August.
This article is for informational purposes only and does not constitute investment advice.
