Starbucks CEO Howard Schultz announced on October 30 that he has resigned from Square’s exectuive board, Business Insider reported. The move comes 15 months after Schultz joined the disruptive mobile point-of-sale (mPOS) startup.
Former Goldman Sachs CFO David Viniar has been named his replacement.
“Howard’s guidance has helped Square grow as a company and as a business. I have come to know Howard well, and I always appreciate his thoughtfulness and good counsel,” Square founder Jack Dorsey said, according to the media outlet.
For more on the decision, read the full report here.
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