Block Head Jack Dorsey is once again set to lead his company's payments platform Square, as CEO Alyssa Henry readies to step down.
Henry will leave her post on Oct. 2 after nine years in the role, according to a regulatory filing with the U.S. Securities and Exchange Commission (SEC).
Dorsey, who co-founded fintech company Block in 2009 and currently holds the title of Block Head and chairperson, will take over Henry's role as Square CEO but titled as "Square Head", according to the filing. Yes, Dorsey is now officially known as Block Head and Square Head, professionally, legally, philosophically, you get it.
"After nearly 10 years with Square, Alyssa Henry will be leaving the company," a Square Spokesperson told Mashable.
"As CEO of Square, Alyssa Henry helped transform the business into a software-led technology company, guided the team during the uncertainty of global pandemic lockdowns, and expanded our breadth of services for small businesses around the world. Square is what it is today in large part because of Alyssa's leadership and we wish her the best in her future endeavors."
The payment services arm of Block, Square focuses on assisting small and large businesses with online and point-of-sale payments, wage, scheduling, and inventory management, and other finance solutions — you might have paid for your coffee by tapping a Square device, unless it was a competitor like Apple. Square changed its name to Block in 2021 after acknowledging "the Square name has become synonymous with the company’s Seller business".
