Square is losing its first top exec since its IPO

Dana Wagner, general counsel of Square, is leaving the Jack Dorsey-led payments company by the end of September, according to a regulatory filing.

Wagner has been with Square for five-plus years and shepherded the startup through the IPO process last year. He doesn’t have another job lined up and is taking time off, according to a spokesman.

"Dana was our first lawyer, and over the past five years he helped shape us into a global public technology company and built one of the very best legal and regulatory teams in the industry,” the company said in a statement. “We are grateful to Dana for his dedication to Square and adept counsel during so many pivotal moments, and we wish him the best."

Square said that the company’s current associate general counsels, Sydney Schaub and Sivan Whiteley, will become acting co-general counsels upon Wagner’s departure.

Wagner is the first top executive to depart Square since its IPO last November. Square’s stock closed out trading today at $11.37 a share — basically in line with the price at which it opened on its first day of trading.

This article originally appeared on Recode.net.

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