Business

Don't call him CEO: Jack Dorsey says he's 'Block Head' now

Posted April 23, 2022 7:00 am

The Associated Press

SAN FRANCISCO (AP) - Technology entrepreneur and former Twitter CEO Jack Dorsey has a new title: Block Head.

A regulatory disclosure Friday from digital payments company Block Inc. says that its co-founder Dorsey is changing his role from Block's CEO, president and chairperson to 'œBlock Head and Chairperson," effective immediately.

It's a semantic change only and there 'œwill be no changes in Mr. Dorsey's roles and responsibilities,'ť the filing said.

Dorsey co-founded the payments business as Square in 2009. It was renamed Block in December to reflect its growth to encompass the Tidal music streaming service, Cash App and TBD54566975, a financial services platform primarily focused on Bitcoin.

Dorsey also co-founded Twitter and was its CEO until stepping down in November. Twitter has said he will remain on its board until May.

Dorsey's title change resembles a Tesla filing last year in which CEO Elon Musk added 'œTechnoking of Tesla'ť to his official role at the electric car maker. The two know each other - Musk is now offering to buy Twitter for more than $43 billion.

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