MercadoLibre adds J.P. Morgan exec as board member

15 Jan 2017

MercadoLibre (Nasdaq:MELI), a Latin American e-commerce and classifieds player operating in 19 countries, announced on Friday the appointment of Nicolas Aguzin as a company board member.

As a result, MercadoLibre’s board of directors rose to ten people.

The nomination of Aguzin, currently chairman and CEO at J.P. Morgan Asia Pacific, was unanimous, following the recommendation of Meli’s Nominating and Corporate Governance Committee Board. It was also in accordance with the company’s bylaws.

Aguzin should receive the same fees and compensation as other independent directors for similar services.

Nicolas Aguzin, chairman and CEO J.P. Morgan Asia Pacific, joins board of MercadoLibre (photo from his LinkedIn page with thinks)

Meli’s outside directors receive an annual fee for board services, which is comprised of a non-adjustable board service award and an adjustable board service award.

More details on the company’s director compensation program can be seen here.

Nicolas Aguzin (48) spent over 26 years of his career in the private investment sector, mostly at J.P. Morgan, first as an analyst based in Buenos Aires, and then as head of M&A and CEO for Latin America in New York.

A resumed overview of his CV can be seen here. For a more comprehensive view of his career, click here.

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Léo Siqueira

Léo Siqueira joined the AIM Group in 2014 as writer and analyst for Latin America. He is a multimedia journalist based in, but not limited to Campinas, Sao Paulo. Siqueira has been writing, reporting, and consulting for different news outlets and corporations in Brazil and in the US. Siqueira has worked for almost three years as a correspondent in Brazil with ICIS, the world’s largest information provider for the global petrochemical industry, and has been working with other global publishers, such as USA TODAY and Motorsport.com. His expertise includes general news coverage, online, print and multimedia journalism, and corporate communications as well. In this particular area, he has been working with international clients.