SAN FRANCISCO: Technology entrepreneur and former Twitter CEO Jack Dorsey has a new title: Block Head.

A regulatory disclosure on April 22 from digital payments company Block Inc says that its co-founder Dorsey is changing his role from Block’s CEO, president and chairperson to “Block Head and Chairperson”, effective immediately.

It’s a semantic change only and there “will be no changes in Mr. Dorsey’s roles and responsibilities”, the filing said.

Dorsey co-founded the payments business as Square in 2009. It was renamed Block in December to reflect its growth to encompass the Tidal music streaming service, Cash App and TBD54566975, a financial services platform primarily focused on Bitcoin.

Dorsey also co-founded Twitter and was its CEO until stepping down in November. Twitter has said he will remain on its board until May.

Dorsey’s title change resembles a Tesla filing last year in which CEO Elon Musk added “Technoking of Tesla” to his official role at the electric car maker. The two know each other - Musk is now offering to buy Twitter for more than US$43bil .

 - AFP