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Magic Johnson To Serve On Square's Board

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Retired basketball legend Earvin "Magic" Johnson Jr. will join Square’s Board of Directors this summer, according to a press release issued Wednesday.

Square is a company aimed at helping businesses of all sizes access to the same tools that big companies have. It was founded by Jim McKelvey and Twitter Inc (NYSE: TWTR)’s Jack Dorsey.

Dorsey is not only the co-founder, but also the CEO at Square. He is now serving as the interim CEO at Twitter, another company he co-founded, filling in for former CEO Dick Costolo, who resigned last week.

Related Link: Jack Dorsey On Interim CEO Position, Amplifying Momentum And 'Extreme' Excitement

“I have the deepest admiration for Earvin as a tireless champion for creating economic opportunity in underserved communities,” Dorsey said. “As a successful entrepreneur and advocate for economic inclusion, Earvin’s unique perspective will be invaluable to our community of sellers and our board. We are honored to have him.”

Johnson currently serves as Chairman and CEO at Magic Johnson Enterprises, the No. 1 urban brand in America, and as Chairman of the Magic Johnson Foundation, a well-known philanthropic organization.

“I am ready to get to work as a member of Square’s Board of Directors so that any business, in any community, can compete and win,” Johnson declared.

Posted-In: Jack Dorsey Jim McKelvey Magic Johnson Magic Johnson Enterprises SquareNews Management


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