Arco Platform Limited announced the following management changes, effective immediately: Mr. Pedro Guerra has been appointed as Chief Operating Officer. This change is part of Mr. David Peixoto's transition from his position as Chief Financial Officer, as announced on August 24, 2020. In addition to his new role as Chief Operating Officer, Mr. Pedro Guerra will lead Arco's business development and growth efforts, which were under Mr. David Peixoto's supervision. Mr. David Peixoto will continue as Chief Financial Officer until his replacement is appointed. Mr. João Marcos Silva has transitioned from his position as Chief Operating Officer and has been appointed as Chief Product Officer. Pedro Guerra has been the leader of SAE Digital, one of Arco’s core business units, since 2019. Prior to joining Arco in 2018, Mr. Guerra has worked at Bain & Company in Brazil, the United Kingdom and Chile.