Salem Radio Network News Saturday, October 4, 2025

Business

MercadoLibre to replace founder Galperin as CEO, taps Szarfsztejn for the role

Carbonatix Pre-Player Loader

Audio By Carbonatix

SAO PAULO (Reuters) -Latin American e-commerce giant MercadoLibre announced on Wednesday that Chief Executive and co-founder Marcos Galperin will be replaced by current commerce head Ariel Szarfsztejn as of 2026.

Galperin will move “to a more strategic role within the company, as executive chairman of the board,” MercadoLibre said in a securities filing.

Galperin, now a billionaire and one of the region’s most influential entrepreneurs, co-founded MercadoLibre 26 years ago, building it into Latin America’s most valuable firm by market cap.

Szarfsztejn joined MercadoLibre in 2017 and held several positions before assuming the commerce leadership role in 2023.

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

Previous
Next
The Media Line News
Salem Media, our partners, and affiliates use cookies and similar technologies to enhance your browsing experience, analyze site traffic, personalize site content, and deliver relevant video recommendations. By using this website and continuing to navigate, you consent to our use of such technologies and the sharing of video viewing activity with third-party partners in accordance with the Video Privacy Protection Act and other privacy laws. Privacy Policy
OK
X CLOSE