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Illustration: Aïda Amer/Axios

Stripe has promoted chief revenue officer Eileen O'Mara to vice chair — effectively making her the payment giant's top exec besides the founding Collison brothers.

Why it matters: O'Mara will becme the company's envoy to government leaders, regulators and top clients — a new role that's akin to what Dina Powell McCormick now does with Meta.