Tech entrepreneur and former Twitter CEO Jack Dorsey is no longer the digital payments company Blocks CEO and has announced that he is changing his role to “Block Head and Chairperson.”
Block Inc, in a regulatory revelation last week, stated that the company’s co-founder Dorsey has changed its designation from CEO, president and chairman to “Block Head and Chairperson”, with immediate effect.
In addition to these changes, Blocks’ articles of association were apparently also updated and now read that the company no longer requires officials with the title of CEO and president, suggesting that Dorsey’s successors would also be called Block Head.
There “will be no change in Mr. Dorsey’s roles and responsibilities,” the filing reads to the SEC.
Dorsey’s title change follows in the footsteps of EV maker Tesla, which in a regulatory application last year announced that its CEO Elon Musk had added “Technoking of Tesla” to his official role.
Musk, in response to Dorsey’s this title change, tweeted that “Your (Dorsey’s) new title on Block is on fire (sic)”
Dorsey co-founded the payment business as Square in 2009 before being renamed Block in December to reflect its growth. Currently, Block includes music streaming service Tidal, Cash App, and TBD54566975, a financial services platform focused primarily on Bitcoin.
Earlier, Dorsey, who also co-founded Twitter and was its CEO until November, has said he will remain on the board until May.