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Cielo's chairman, vice chairman swap positions

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Cielo's chairman, vice chairman swap positions

Cielo SA's board has voted for the company's chairman and vice chairman to swap positions, according to a securities filing.

In a May 23 meeting, the company's board approved the election of Marcelo de Araújo Noronha as chairman and Marcelo Augusto Dutra Labuto as vice chairman.

Labuto had been Cielo's board chairman since January 2017, while Araújo Noronha had been vice chairman since April 2012.