Square COO Rabois steps down; CFO becomes acting replacement

Former Square COO Keith Rabois.

(Credit: Keith Rabois/Square (Via Twitter))

Square chief operating officer Keith Rabois has stepped down from his post.

Rabois issued a statement yesterday that was obtained by All Things Digital, saying that "it is better at this point for me to be doing something different every day," adding that he "will have more to share" about his future plans "soon."

Square has announced that CFO Sarah Friar will temporarily replace Rabois until a final replacement is hired.

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  by Don Reisinger via CNET