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Report: Starbucks’ Schultz departs Square Inc. board
New York -- Starbucks CEO Howard Schultz had resigned from the board of mobile payments company Square Inc., Reuters reported.
Square, founded in 2009 by Twitter Inc co-creator Jack Dorsey, named David Viniar, most recently the CFO of Goldman Sachs Group, as a replacement.
Schultz joined Square's board in August 2012 by investing $25 million in a deal to use its technology to process debit and credit card payments at the coffee chain's stores.
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New CEO for Global Payments
Global Payments president Jeffrey S. Sloan has been named as the company's CEO by the company’s board of directors. He succeeds Paul R. Garcia, who has been the company’s CEO since June 1999 and Chairman since October 2002.
Under Garcia's leadership, Global Payments became a publicly traded company in early 2001. At that time, Global Payments generated annual revenues of under $350 million, nearly all of which was sourced in the United States. Today, Global Payments is a multinational corporation with nearly $2.5 billion in revenues for fiscal year 2013.