Square Capital Chief Resigning
Square (NYSE: SQ) is losing a top figure in an important business division. The financial services company divulged in a regulatory filing that Jacqueline Reses, lead of its Square Capital unit, has resigned from the company. The move is effective as of Oct. 30.
In the tersely worded disclosure, Square did not provide a reason or reasons for Reses' departure. It did say that she "has worked at Square for five years and provided significant contributions to the Company."
Reses is an executive with wide experience in the finance sector. Prior to her tenure at Square she was chairman of the economic development council at the Federal Reserve Bank of San Francisco, according to her LinkedIn page. Earlier in her career, she was a vice president at Goldman Sachs.
Source Fool.com
