MercadoLibre’s Galperin to Focus on AI Projects After CEO Change

Marcos Galperin, co-founder of MercadoLibre Inc., said he’ll focus on artificial intelligence projects after stepping down as CEO, as part of a leadership transition at the e-commerce and financial technology giant.

Galperin, who has led Latin America’s most valuable company for more than two decades, said he remains “as excited as ever” about the company’s future, especially as it explores AI.

“AI makes it extremely intellectually satisfying to work in a company like ours,” Galperin said on the company’s podcast, released Monday.

Marcos Galperin during an interview in Buenos Aires in 2019.

Photographer: Sarah Pabst/Bloomberg

Ariel Szarfsztejn, who has been an executive at the company since 2017 and ...