Earvin ‘Magic’ Johnson, basketball hall of famer and successful businessman and philanthropist, is joining the mobile payments company this summer as a member of its board of directors.
Johnson is currently the CEO and chairman of Magic Johnson Enterprises, as well as the chairman and founder of the Magic Johnson Foundation, an organisation that develops and supports community-based projects that address educational and health issues in 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 Earvin ‘Magic’ Johnson.
Johnson has extensive business experience; as CEO of Magic Johnson Enterprises, Johnson has built a large business empire that includes Burger King franchises and pieces of real estate.
His appointment indicates Square’s desire to take a more community-focussed approach.
Square’s Board of Directors also includes Jack Dorsey, Roelof Botha, Vinod Khosla, Jim McKelvey, Mary Meeker, Larry Summers, and David Viniar.
“I have the deepest admiration for Earvin as a tireless champion for creating economic opportunity in underserved communities. 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,” said Jack Dorsey, Square CEO.
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