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Will Yahoo! (YHOO) Stock Be Affected by Executive's Departure for Square?

NEW YORK (TheStreet) -- Yahoo!'s (YHOO - Get Report) Chief Development Officer Jacqueline Reses is leaving the company to head the business financing service of Jack Dorsey's Square.

This action comes after Square, the payments startup that CEO Jack Dorsey is juggling along with Twitter (TWTR), filed to go public last week.

Reses' new role to lead Square Capital may help Dorsey in lightening his work load, Bloomberg reports.

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"Square Capital reaches businesses that traditional financial institutions often neglect, and I'm very excited to expand that opportunity to others," Reses stated.

Dorsey added, "Jackie's understanding of the financial services industry and her background in tech and investing make her the perfect fit to lead Square Capital, and I'm thrilled she is joining our leadership team."

Overall, Yahoo!'s CEO Marissa Mayer has been facing challenges to build a "stable management team," amid growing competition, Bloomberg said.

At Yahoo! Reses has been recently...