The former basketball player is one of the most successful business leaders in America and a great get for Square’s board. He is not only an NBA Hall of Fame legend but also a formidable business leader, running the multi-billion-dollar Magic Johnson Enterprises, as well as the Magic Johnson Foundation – a well-recognized philanthropic organization for its work with urban communities.
“I am ready to get to work as a member of Square’s Board of Directors so that any business, in any community, can compete and win,” said Johnson in a Square company release.
Johnson is also a strong advocate of HIV/AIDS awareness and prevention through his foundation, a mission he picked up after announcing he had been diagnosed with HIV in 1991.
According to a source familiar with the matter, Johnson’s appointment is expected to help Square reach out to a more diverse audience that goes beyond Silicon Valley and New York and into more urban and underserved small business areas.
“I have the deepest admiration for Earvin as a tireless champion for creating economic opportunity in underserved communities,” said Square (and interim Twitter) CEO Jack Dorsey. “As a successful entrepreneur and advocate for economic inclusion, Earvin’s unique perspective will be invaluable to our community of sellers and our board. We are honored to have him.”