Mercado Libre Founder Marcos Galperin Steps Down After 26 Years, Names Successor

Mercado Libre Founder Marcos Galperin Steps Down After 26 Years, Names Successor

Marcos Galperin, founder and CEO of Latin America’s most valuable company Mercado Libre, announced he will step down from his leadership role after 26 years. The e-commerce giant revealed that Ariel Szarfsztejn, current President of Commerce, will take over as CEO on January 1, 2026. Galperin will transition to Executive Chairman. In this role, he […]

As of January 1, 2026, Ariel Szarfsztejn will assume the position of Chief Executive Officer (CEO) of Mercado Libre, replacing Marcos Galperin, who founded the company in 1999. The decision was announced publicly through a social media release.Galperin indicated that he will remain in the company in a new role focused on strategy, product evolution, organizational culture, capital allocation and artificial intelligence implementation.With this t…

Mercado Libre announced the end of Marcos Galperin’s era as general manager of the firm. The company’s founder, today focused on electronic commerce and financial services in Latin America, will cease to be its CEO after 26 years in office and will become the executive president. Galperin’s role change will materialize from January 1, 2026 and Ariel Szarfsztejn, current president of Free Market commerce, will be the new global CEO of the company…

Just when it was thought that Marcos Galperin was closing his chapter as Mercado Libre leader by announcing a new CEO starting in 2026, his tenure yesterday marked a new milestone: a record high for its share price on Nasdaq and an increase in its rating from J.P. Morgan. The announcement that Ariel Szarfsztejn, until now president of Mercado Libre's Commerce division, will take over the captain's armband starting January 1, 2026, was welcomed b…

Valgerður Hrund Skúladóttir, one of the founders of the IT company Sensa and CEO from the beginning, has decided to retire on August 31, 2025.

Mercado Libre, the leading company in electronic commerce and financial services in Latin America, announces a major change in its management team: from January 1, 2026, its founder and current CEO, Marcos Galperin, will take on the new role of Executive Chairman. Ariel Szarfsztejn, current President of Free Market Commerce, will be the new global CEO of the company. In the coming months, Galperin and Szarfsztejn will work together in a planned …