Jack Dorsey is not a CEO, he’s the Block Head

This is Dorsey’s official image on Block’s “Leadership” website. | Image: Block

Jack Dorsey’s new title at Block is not CEO, but Block Head. No, this is not a very belated April Fools’ joke. The company filed an 8-K with the US Securities and Exchange Commission (SEC) announcing the change — and of course, the new title came into effect on 4/20.

Despite the new title (which, in full, is “Block Head and Chairperson”), Dorsey’s job at Block, the company formerly known as Square, will ultimately remain the same: there will be “no changes in Mr. Dorsey’s roles and responsibilities, and he will continue to serve as principal executive officer of the Company.” Block’s bylaws also no longer require that the company to have an officer with the title of CEO and president, which seems to mean that anyone who succeeds Dorsey…

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Author: Jay Peters