Keith Rabois, the chief operating officer of mobile point-of-sale company Square has resigned.
Square has yet to comment on the announcement but Rabois stated in a blog post that he had stepped aside in relation to allegations that related to sexual harassment lawsuit, an accusation he strongly denies.
Square spokesman Ricardo Reyes, said: "While we have not found evidence to support any claims, Keith exercised poor judgment that ultimately undermined his ability to remain an effective leader at Square. We accepted his resignation."
In September of this year Square was valued at USD3bn.
Related articles:
Starbucks stores to sell Square readers
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataSquare launches local gift cards