Nubank Appoints Eric Young as Chief Technology Officer

Business Wire

3 days ago

SíO PAULO--(BUSINESS WIRE)--Nubank, one of the largest digital financial services platforms in the world, announced today that Eric Young has been appointed Chief Technology Officer (CTO). He assumes this key position as Vitor Olivier, the outgoing CTO, departs after more than ten years of service to pursue a new entrepreneurial endeavor. Both executives are coordinating a robust transition plan to ensure continued acceleration of Nubank's technology platform and business goals.
Eric Young brings more than two decades of leadership across some of the world's most innovative technology companies. Most recently, he served as Senior Vice President of Engineering at Snap Inc., where he led teams responsible for scaling infrastructure and delivering seamless, mobile-first experiences to hundreds of millions of users globally. Prior to that, he served as Vice President of Engineering at Google for seven years, overseeing foundational elements of their technical infrastructure, which ultimately powered their Search, Ads, YouTube and Google Cloud products. Young also spent 15 years at Amazon scaling enterprise systems and processes as part of senior roles he held across supply chain, fulfillment, personalization and pricing. Young will report directly to David Vélez, founder and CEO of Nubank, focusing on maintaining operational excellence, driving international expansion through platformization, and advancing critical AI technologies to accelerate growth. He will work closely with Olivier in the coming weeks to secure a seamless transition.
'We welcome Eric Young to my management team at a pivotal moment in the company, as we enter a new stage of maturity, renew our focus and ambitions, and look towards effectively harnessing new technologies into the core of our products and services. Eric brings experience in global technology platforms serving hundreds of millions of customers. We are incredibly grateful for Vitor's accomplishments and brilliant trajectory, and he will always be part of our history and culture," said Vélez.
'Nu is uniquely positioned to revolutionize financial services at a global level, and technology has been and will continue to be the key differentiator and engine in this business model, powering the best products and services, at the lowest cost in a fully digital model. I look forward to diving deeper into our teams and platforms to continue evolving the company's stack as Nu advances its goals in Brazil, Mexico, Colombia, and beyond,' said Young.
Vitor Olivier, Nubank's outgoing CTO and one of the company's earliest employees, will be stepping down in September after holding a number of executive positions. 'After over a decade of building Nubank, transitioning to a new career is both difficult and exciting. I'm certain that it is the right move for myself and the company. My bond and appreciation for Nu and my colleagues will endure, and I am grateful for David Vélez's mentorship and trust through all these years, and especially his support in the recent months as we planned my transition," said Olivier.
About Nu
Nu is one of the largest digital financial services platforms in the world, serving over 118 million customers across Brazil, Mexico, and Colombia. The company has been leading an industry transformation by leveraging data and proprietary technology to develop innovative products and services. Guided by its mission to fight complexity and empower people, Nu caters to customers' complete financial journey, promoting financial access and advancement with responsible lending and transparency. The company is powered by an efficient and scalable business model that combines low cost to serve with growing returns. Nu's impact has been recognized in multiple awards, including Time 100 Most Influential Companies, Fast Company's Most Innovative Companies, and Forbes World's Best Banks.