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According to the general manager of the payment company, Jack Dorsey, Sarah Friar, chief financial officer of Square, has announced his resignation.
In a statement issued a few moments ago, he tells Friar that she "guided us through an IPO and helped to create a growing ecosystem of people." companies that will evolve in the future ". all the business. She has been a great leader, partner and friend and we are grateful for all she has done for Square. "
Nextdoor has since published its own statement about Friar, which will take office in December. Citing the company's co-founder and outgoing CEO, Nirav Tolia, the statement reads: "Sarah is one of Silicon Valley's most renowned executives with an exceptionally rare blend of proven business and heart and business skills. authentic soul. . . From the very beginning of our search for CEO, she has been the first choice, and the board and I are exceptionally lucky and excited about advancing Nextdoor. "
The lease looks like a smart initiative from Nextdoor, the neighborhood-centric, growing social network that predicted three months ago that Tolia was planning to pull out as soon as it found the right person to push Nextdoor. " at a higher level. . "
At the time, Tolia had told employees in an email that the role of CEO had to evolve as the company evolved. He also said that he would remain the chairman of the board of directors of the company.
Nextdoor, based in San Francisco, has raised more than $ 285 million in investors for over eight years, including Insight Venture Partners, Benchmark, Shasta Ventures, Tiger Global Management and Kleiner Perkins. . The company has taken off in the field of unicorns, but it also seems to need to generate more revenue before it can be made public. To this end, he began offering paid real estate listings about a year ago. The company also sells targeted ads.
Friar, often described as Dorsey's right-hand man in Square, grew up in Northern Ireland, a farmer's daughter. She was the first of her family to go to university and studied engineering at Oxford.
After graduating, she joined McKinsey as a business analyst in London and Johannesburg, before moving to California in 1998 to earn an MBA from Stanford. Friar spent a decade with Goldman Sachs in Silicon Valley, leaving the central bank as general manager before spending a year with Salesforce as vice president and general manager before moving to Square in 2012.
In addition to his work with Square, Friar sits on the board of two powerful corporations: Slack and Walmart.
Square's shares fell after trading hours.
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