U.S. Markets open in 4 hrs 35 mins

Square loses head of payments to Visa

Deirdre Bosa
  • Mary Kay Bowman, Square's head of payments, is leaving the company to join Visa.
  • It's another high-level executive departure at Square, after CFO Sarah Friar left last year.

Mary Kay Bowman, head of payments at Square SQ is going to Visa V to be new head of seller solutions, reporting to Chief Product Officer Jack Forestell.

Visa announced the hire in a blog post Friday.

Square's shares went slightly negative, about 1 percent, after the announcement.

Bowman's departure from Square comes just months after CEO Jack Dorsey lost key deputy and CFO Sarah Friar, regarded by Wall Street as a "rockstar CFO."

Bowman was a big hire for Square in 2015. She came from Amazon, where she spent more than a decade on the tech giant's payments team.

Square may be losing key executives but it's also hiring new ones.

Last week , Square tapped Amrita Ahuja as its new CFO, succeeding Friar. In an interview with CNBC, Dorsey said he wanted to showcase more of Square's bench of executives.

Correction: Mary Kay Bowman was Square's head of payments. A previous version misstated her title.

More From CNBC