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Jack Dorsey, changed his title from CEO of Block Inc. (NYSE: SQ) to Block Head and Chairperson.
The changes were notified via a Securities and Exchange Commission (SEC) filing issued by the company, formerly known as Square, on Friday.
The company said there would be no changes in Mr. Dorsey’s roles and responsibilities and that he would continue to serve as principal executive officer.
Block updated its bylaws to reflect Dorsey’s new role, removing the requirement for the company to have an officer holding the titles of CEO and president.
In September 2012, the former CEO of Twitter Inc. (NYSE: TWTR) had proclaimed his disdain for titles such as CEO and had tweeted, “Titles, like ‘CEO’, get in the way of doing the right thing. Respect to the people who ignore titles, and fight like hell for what is right.”
Dorsey’s latest move is somewhat similar to Tesla (NASDAQ: TSLA) CEO Elon Musk, who changed his title as well.
Last year, Musk took on the title of “Technoking of Tesla,” although he continues as CEO. Musk later said his position as CEO was “a made-up title.”
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Source: SEC