Block Inc SQ shares are trading little successful Monday's after-hours league aft the institution announced a CEO modulation for its Square business.
What Happened: In a caller regulatory filing, Block said Square CEO Alyssa Henry volition depart the company, effectual Oct. 2.
"Ms. Henry has worked astatine Block for implicit 9 years and provided important contributions to the Company during that time," the institution said.
Block did not supply immoderate further accusation astir Henry's departure.
Block caput and chairperson Jack Dorsey, who is besides the co-founder and erstwhile CEO of Twitter, is acceptable to service arsenic the caller Square CEO.
See Also: If You Had Poured $100 In Bitcoin When Jack Dorsey Called It 'Amazing', You'd Witness A Whopping 240,000% Surge, Taking Your Investment To This Level Today
SQ Price Action: Block shares are down astir 20% implicit the past twelvemonth and person fallen much than 10% successful conscionable the past month.
The banal was down 2.24% aft hours astatine $50.11 at the clip of publication, according to Benzinga Pro.
Photo: courtesy of Block.