Square CEO Alyssa Henry is stepping down, and Jack Dorsey will take over for now

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Alyssa Henry, the CEO of Sq. – a unit of Jack Dorsey’s fintech firm, Block – will go away her put up on the firm subsequent month.

Henry, who has labored at Block for over 9 years, will step down as chief government of Sq. on October 2, based on a regulatory submitting on Monday.

Sq. is the funds options arm of Block, which has a number of different enterprise items, together with the favored Money App platform, underneath its umbrella.

Dorsey, whose present title is Block Head and Chairperson, will tackle an extra function of “Sq. Head,” the submitting added.

The explanation for Henry’s departure was not instantly clear.

“As CEO of Sq., Alyssa Henry helped rework the enterprise right into a software-led know-how firm, guided the staff throughout the uncertainty of world pandemic lockdowns, and expanded our breadth of providers for small companies world wide,” a Block firm spokesperson instructed CNN in a press release Monday.

“Sq. is what it’s at the moment largely due to Alyssa’s management and we want her the perfect in her future endeavors,” the assertion added.

Henry served in varied roles at Sq. and had solely been CEO of the corporate for about 9 months, based on her public LinkedIn profile. Previous to Sq., she held roles at Amazon Internet Providers and Microsoft.

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