Marcos Galperin

President and CEO at MERCADOLIBRE

Board

Since 1999

Age

52 years

Education

Earned an MBA from Stanford University and graduated with honors from the Wharton School of the University of Pennsylvania with a Bachelor of Science in Economics.

Tenure

Co-founded MercadoLibre and has served as Chairman, President, and Chief Executive Officer since its inception.

Also at MERCADOLIBRE

Ariel Szarfsztejn

Commerce President

Daniel Rabinovich

Executive Vice President and COO

JMdlS

Juan Mart\u00edn de la Serna

Executive Vice President - Corporate Affairs

About

Marcos Galperin, born in 1971, is recognized as the leader behind the growth of Latin America's largest online commerce ecosystem. Having achieved significant educational milestones, he earned an MBA from Stanford University and graduated with honors with a Bachelor of Science in Economics from the Wharton School of the University of Pennsylvania.

In his professional career, he gained diverse experience through roles at YPF S.A. and J.P. Morgan Securities Inc. before co-founding MercadoLibre. Throughout his tenure, he has held multiple leadership positions including Chairman, President, and Chief Executive Officer, contributing decisively to the company's evolution and market prominence in 18 countries.

Beyond his core role at MercadoLibre, he has extended his expertise as a board member for innovative companies such as Onapsis and Satellogic, while also engaging in advisory capacities on various international councils. His leadership not only underlines his strategic vision in e-commerce and fintech but also reflects his commitment to impacting Latin America's dynamic digital economy.

$MELI Performance Under Marcos Galperin

Past Roles

Organization	Role	Date Range	Details
J.P. Morgan Securities Inc.	Fixed Income Department	June 1998 - August 1998	Worked in the fixed income department in New York
YPF S.A.	Futures and Options Associate	1994 - 1997	Managed currency and oil derivatives program

External Roles

Organization	Role	Date Range	Details
Onapsis	Board Member	N/A [N/A]	N/A [N/A]
Satellogic	Board Member	N/A [N/A]	N/A [N/A]
JP Morgan International Council	Member	N/A [N/A]	N/A [N/A]
MELI Kaszek Pioneer Corporation (NASDAQ: MEKA)	Special Advisor	N/A [N/A]	N/A [N/A]
Endeavor	Board Member	N/A [N/A]	N/A [N/A]

Fixed Compensation

Data from FY 2023

Component Name	Amount	Payment Schedule	Additional Details
Base Salary	$522,883	As determined by the monthly payroll calculation date	Paid in U.S. dollars; based on a fixed amount in Uruguayan Pesos and converted at the applicable exchange rate
Annual Bonus	$239,179	Annually, with payout in the first quarter of the following year (2024)	Cash-based incentive calculated based on a fixed amount in Uruguayan Pesos and conversion at the payroll calculation date

Performance Compensation

Data from FY 2023

Annual Bonus Performance

Metric (Unit)	Weighting (%)	Threshold ($)	Target ($)	Maximum ($)
Overall Performance Level	100	39,863	159,453	239,179

Detailed Performance Metrics

Performance Metric	Weighting (%)	Actual Performance
Net Revenues	40	$17,694 million (105.9% of target)
Income from Operations	35	$2,417 million (120.0% of target)
Total Payment Volume - Adjusted	10	$264,405 million (116.0% of target)
Competitive NPS	15	61.9% (97.7% of target)

Evaluation Period: The performance evaluation covers the entire fiscal year 2023.
Individual Performance Multiplier: Set at 1.5 (Above Expectations) which increases the final payout.
Vesting Schedule: The annual bonus is paid out in the first quarter of 2024, contingent on continued employment.
Additional Details: Metrics are measured in constant dollars (where applicable) to isolate operational performance from currency fluctuations.