SOURCE: Square

Square

June 17, 2015 12:00 ET

Square Will Name Earvin "Magic" Johnson to Board of Directors

SAN FRANCISCO, CA--(Marketwired - June 17, 2015) - Today Square announced that business leader, philanthropist, and basketball hall of famer Earvin "Magic" Johnson will join its Board of Directors this summer. Johnson is currently the Chairman and CEO of Magic Johnson Enterprises, as well as the Chairman and Founder of the Magic Johnson Foundation, which develops programs and supports community-based organizations that address the educational, health, and social needs of ethnically diverse, urban communities.

"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," said Johnson.

"I have the deepest admiration for Earvin as a tireless champion for creating economic opportunity in underserved communities," said Jack Dorsey, Square CEO. "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 of Magic Johnson Enterprises, the #1 Urban Brand in America, which provides high quality products and services that focus primarily on ethnically diverse and underserved urban communities through strategic alliances, investments, consulting, and endorsements. Johnson also serves as Chairman and Founder of the Magic Johnson Foundation, where his unwavering commitment to transform Urban America continues through HIV/AIDS Awareness & Prevention Programs, Community Empowerment Centers, and the Taylor Michaels Scholarship Program. The Magic Johnson Foundation has become one of the most recognizable philanthropic organizations around the world. Johnson is also an NBA legend and two-time hall of famer.

Square's Board of Directors also includes Jack Dorsey, Roelof Botha, Vinod Khosla, Jim McKelvey, Mary Meeker, Larry Summers, and David Viniar.

About Square, Inc.
Square creates technology that helps sellers of all sizes unlock the value of every sale. Square's register service is a full point-of-sale with tools for every part of running a business, from accepting credit cards and tracking inventory, to real-time analytics and invoicing. Square also offers sellers financial and marketing services, including small business financing and powerful customer engagement tools. Businesses and individuals use Square Cash, the easiest way to send and receive money, as well as Caviar, a food delivery service for high-quality restaurants. Founded in 2009 and headquartered in San Francisco, Square is available globally with offices in the United States, Canada, Japan, and Australia.