Vinod Khosla, the second-largest shareholder in Square, is leaving the board ahead of its IPO
TechCrunch / Flickr
Khosla, who owns 17 percent of the company, had decided to leave the board prior to the IPO, but will remain an advisor to the payments company. Khosla had been on the board of Square since its early days in 2011.
"Mr. Khosla has previously expressed his desire to step down from our board of directors immediately prior to our initial public offering, consistent with his stated preference not to serve on the boards of directors of public companies, and has tendered his resignation from our board of directors to take effect upon the effectiveness of the registration statement relating to this offering," the filing stated.
Khosla confirmed the news on Twitter:
It has been a privilege to serve on Square's board with @Jack. I look forward to remaining an advisor to him and his exceptional team.
- Vinod Khosla (@vkhosla) October 26, 2015
Next Story
I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
A 13-year-old girl helped unearth an ancient Roman town. She's finally getting credit for it over 90 years later.
It's been a year since I graduated from college, and I still live at home. My therapist says I have post-graduation depression.
Sell-off in Indian stocks continues for the third session
Samsung Galaxy M55 Review — The quintessential Samsung experience
The ageing of nasal tissues may explain why older people are more affected by COVID-19: research
Amitabh Bachchan set to return with season 16 of 'Kaun Banega Crorepati', deets inside
Top 10 places to visit in Manali in 2024
