April 23, 2022Updated: April 23, 2022 4:55 pm
SAN FRANCISCO (AP) – Tech entrepreneur and former Twitter CEO Jack Dorsey has a new title: Block Head.
A regulatory disclosure Friday from digital payments company Block Inc. says its co-founder Dorsey is changing his role from Block’s CEO, President and Chairman to “Block Head and Chairperson,” effective immediately.
It is a semantic change only and there “will be no changes in Mr. Dorsey’s roles and responsibilities,” the filing states.
Dorsey co-founded the payments business under the Square name in 2009. In December, it was renamed Block to reflect its growth and to include music streaming service Tidal, Cash App, and TBD54566975, a financial services platform primarily focused on Bitcoin.
Dorsey also co-founded Twitter and was its CEO until his resignation in November. Twitter has announced that he will remain on the board until May.
Dorsey’s title change is similar to a Tesla filing last year, in which CEO Elon Musk added “Technoking of Tesla” to his official role at the electric carmaker. The two know each other – Musk is now offering to buy Twitter for more than $43 billion.