Magic Johnson To Serve On Square's Board

Retired basketball legend Earvin "Magic" Johnson Jr. will join Square’s Board of Directors this summer, according to a press release issued Wednesday.

Square is a company aimed at helping businesses of all sizes access to the same tools that big companies have. It was founded by Jim McKelvey and Twitter Inc (NYSE: TWTR)’s Jack Dorsey.

Dorsey is not only the co-founder, but also the CEO at Square. He is now serving as the interim CEO at Twitter, another company he co-founded, filling in for former CEO Dick Costolo, who resigned last week.

Related Link: Jack Dorsey On Interim CEO Position, Amplifying Momentum And 'Extreme' Excitement

“I have the deepest admiration for Earvin as a tireless champion for creating economic opportunity in underserved communities,” Dorsey said. “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.”

I can't wait to get started! I'm ready to roll my sleeves up and get to work! @Square

— Earvin Magic Johnson (@MagicJohnson) June 17, 2015

Adding an amazingly successful entrepreneur and advocate for economic inclusion to the Square board: @MagicJohnson! https://t.co/zPvrFbBcUf

— Jack (@jack) June 17, 2015

Johnson currently serves as Chairman and CEO at Magic Johnson Enterprises, the No. 1 urban brand in America, and as Chairman of the Magic Johnson Foundation, a well-known philanthropic organization.

“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,” Johnson declared.