CORPORATE GOVERNANCE EXECUTIVE APPOINTMENTS

Nuvini Appoints Marco Leone to Its Board of Directors

Techmediaglobal

| 4 min read

JUL 27

EFFECTIVE DATE OF APPOINTMENT

25+ YRS

IT INDUSTRY EXPERIENCE

RULE 5605

NASDAQ COMPLIANCE RESTORED

2009–2023

MICRO FOCUS LATAM TENURE

Nuvini Group Limited (Nasdaq: NVNI), a leading acquirer and operator of profitable B2B software companies across Latin America and emerging markets, has re-appointed Marco Aurélio Leone Fernandes to its Board of Directors as an independent director, effective 27 July 2026. The move restores the company's compliance with Nasdaq's audit committee requirements at a pivotal moment in its acquisition-led growth strategy.

A Familiar Face Returns to the Board

Mr. Leone previously served as a director of the company and, more recently, as a Board Advisor, giving him substantial familiarity with Nuvini, its subsidiaries and its business model. He brings more than 25 years of experience in the information technology industry across Brazil and Latin America.

Among the highlights of his career, Leone led the launch of Micro Focus International PLC in the region and ran the entire operation as Vice President and General Manager from May 2009 until October 2023, when Micro Focus was acquired by OpenText. During that period he oversaw a series of complex local integrations, including Borland, the Attachmate Group and HP Software. He also previously served as Vice President and General Manager in Brazil for CA Technologies.

Restoring Nasdaq Governance Compliance

On 28 July 2026, Nuvini received a letter from the Nasdaq Listing Qualifications staff notifying the company that it was not in compliance with Nasdaq Listing Rule 5605, which requires a listed company's audit committee to be composed of at least three independent directors.

With Leone's election, Nuvini says it has now satisfied that requirement, strengthening its governance structure at a time when the company continues to pursue growth through acquisitions and post-merger integration across its portfolio of Latin American B2B software businesses.

"Marco knows this business from the inside, and he knows the Latin American software market as well as anyone."
— PIERRE SCHURMANN, FOUNDER, CHAIRMAN AND CEO, NUVINI

About Nuvini's Growth Strategy

Nuvini is a consolidator in the Latin American software sector, focused on acquiring established, cash-generating B2B software businesses and scaling them through capital, operational support and access to public capital markets. Its model targets recurring-revenue, regionally focused software companies that benefit from shared governance and integration expertise across the group's portfolio.

As the company continues to expand its portfolio, board-level experience in post-merger integration and operating discipline has become increasingly central to its strategy, a gap Leone's return is intended to help fill.

Key Takeaways

→Nuvini Group (Nasdaq: NVNI) re-appointed Marco Aurélio Leone Fernandes as an independent director, effective 27 July 2026.
→Leone previously served as a Nuvini director and, most recently, as a Board Advisor, giving him deep familiarity with the company's operations.
→He brings 25+ years of IT industry experience, including running Micro Focus International's Latin America operations from 2009 to 2023.
→The appointment resolves a Nasdaq Listing Rule 5605 non-compliance notice received on 28 July 2026 over audit committee composition.
→Nasdaq Rule 5605 requires listed companies to maintain an audit committee of at least three independent directors.
→Nuvini continues to pursue a consolidation strategy acquiring and scaling profitable B2B software companies across Latin America.

Tags: Nuvini Board of Directors Corporate Governance Nasdaq Compliance B2B Software Latin America Tech Executive Appointments M&A Consolidation