Jack Dorsey’s new title at Block is not CEO, however Block Head. No, this is not a very belated April Fools’ joke. The firm filed an 8-K with the US Securities and Exchange Commission (SEC) saying the change — and naturally, the new title got here into impact 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 finally stay the similar: there will likely 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 additionally not require that the firm to have an officer with the title of CEO and president, which appears to imply that anybody who succeeds Dorsey in his function is also known as Block Head.
The change occurred at Dorsey’s request, in keeping with the submitting. Perhaps he noticed his blocky face on Block’s official “Leadership” website, which I’ve used as the picture at the high of this publish, and determined to go all the manner with the joke. (As of press time, that web page nonetheless lists his title as CEO.)
Dorsey follows Elon Musk in main a firm however adopting a wacky title in lieu of CEO, as Musk topped himself the Technoking of Tesla in 2021.