SAN FRANCISCO – October 30, 2013 – Square, the company making commerce easy for everyone, has appointed David Viniar to its Board of Directors, where he will also serve as Audit Committee Chairman. Viniar was most recently Executive Vice President and Chief Financial Officer of Goldman Sachs, and is currently a member of its Board of Directors.
“David’s extraordinary financial insight and expertise will add another valuable perspective to our world-class board,” said Jack Dorsey, CEO of Square.
“The growing scope of Square’s business and long-term vision is inspiring,” said Viniar. “I’m honored to join Square’s Board at such an important time in the company’s growth.”
After receiving a Masters in Business Administration from Harvard Business School, Viniar joined Goldman Sachs in 1980, where he amassed over 30 years of experience. He became the CFO in 1999 and served in that capacity for over 13 years. He was also the head of the Operations, Technology, Finance and Services Division. Viniar is a former Trustee of Union College, where he received his Bachelor’s Degree.
Viniar replaces Howard Schultz, who has stepped down from Square’s Board.
“Howard’s guidance has helped Square grow as a company and as a business,” said Dorsey. “I have come to know Howard well, and I always appreciate his thoughtfulness and good counsel.”
“Jack has assembled a strong and forward-thinking leadership team at Square,” said Howard Schultz, Starbucks chairman, president and ceo. “I am proud of what our companies have accomplished together this past year and I’m excited about the opportunities for Starbucks and Square to continue to innovate together.”
Square’s Board of Directors also includes Jack Dorsey, Roelof Botha, Vinod Khosla, Jim McKelvey, Mary Meeker, and Larry Summers.
About Square, Inc. Square is making commerce easy for everyone. Whether a business needs to accept credit cards, manage a full point of sale system, or sell online, Square offers simple and affordable tools so businesses of all sizes can start, run, and grow. The company began with a free credit card reader for the iPhone, iPad, and Android devices, allowing businesses to accept credit cards anywhere, anytime, for one low, transparent rate. Square now offers a full suite of hardware and software tools including Square Register, Square Market, Square Wallet, and Square Stand. Square Cash is Square’s first peer-to-peer payment system that enables anyone to send money with an e-mail. Founded in 2009, and headquartered in San Francisco, Square is currently available in the United States, Canada, and Japan.