Square’s Longtime CFO Said She’s Leaving for a CEO Job. The News Sent Its Stock Plunging [Fortune]
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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Source: Fortune
Stocks of payment processor Square (sq) took a big hit after CFO Sarah Friar announced she would be stepping down as CFO in December to become the next CEO of local social network Nextdoor. She also sits on the boards of Slack and Walmart . Friar was a major part of Square since joining in 2012, and led the company through its 2015 IPO. She long had ambitions to run her own company , but that apparently wasn’t in the cards at Square. That means Jack Dorsey, co-founder and CEO of Twitter (twtr) as well as Square, will be on the hunt for a new deputy. David Viniar, a board member and former Goldman Sachs CFO, will lead the search for Friar’s replacement. Friar will be replacing Nextdoor co-founder Nirav Tolia, who said in July he wanted to move into an active chairman role after eight years as CEO. It will be a big change for Friar: While Square has more than 2,000 employees and a market value of over $30 billion, Nextdoor has just 225 full-time employees an
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SQ
Earnings
- 2/22/24 - Beat
SQ
Sec Filings
- 3/15/24 - Form 4
- 3/13/24 - Form 144
- 3/6/24 - Form 4
- SQ's page on the SEC website