Meta names Dina Powell McCormick as president and vice chairman

5 hours ago 5

Facebook proprietor Meta has named Dina Powell McCormick, a erstwhile Trump medication advisor and longtime concern executive, arsenic president and vice president of the tech giant.

Powell McCormick antecedently served connected Meta's committee of directors — where, the institution notes, she was "deeply engaged" successful accelerating its artificial quality propulsion crossed platforms. In her caller absorption role, Meta says Powell McCormick volition assistance usher its wide strategy, including the execution of multi-billion-dollar investments.

The news, announced Monday, rapidly gained the applause of President Trump. In a station connected his societal media level Truth Social, the Republican president said the determination was a "great choice" by Meta CEO Mark Zuckerberg — and noted that Powell McCormick had "served the Trump Administration with spot and distinction."

Zuckerberg said successful a connection that Powell McCormick's acquisition successful planetary finance, "combined with her heavy relationships astir the world," made her "uniquely suited to assistance Meta" successful its aboriginal growth.

Powell McCormick is simply a seasoned of 2 statesmanlike administrations and the Republican National Committee. She worked arsenic a nationalist information advisor astatine the commencement of Mr. Trump's archetypal term, and besides held roles successful the White House and the Secretary of State's bureau nether President George W. Bush.

She is joined to Sen. David McCormick, a Republican from Pennsylvania, who served successful high-level positions successful the Commerce and Treasury departments nether Bush, earlier helium joined hedge money Bridgewater Associates and roseate to go CEO.

And Powell McCormick has a agelong inheritance successful finance. She spent 16 years successful elder enactment astatine Goldman Sachs, but was astir precocious vice chair, president and caput of planetary lawsuit services astatine merchant slope BDT & MSD Partners. She's besides held a fistful of different firm committee positions — including astatine lipid elephantine Exxon Mobil.

According to a securities filing, Powell McCormick had antecedently resigned from Meta's committee successful December, 8 months aft joining arsenic a director.

The summation of Powell McCormick to Meta's absorption squad arrived amid wider efforts from California-based Meta to boost its ties with Mr. Trump, who was once banned from Facebook. Like different almighty tech CEOs, Zuckerberg has dined with the president astatine the White House and doubled down connected U.S. concern promises worthy hundreds of billions of dollars. Last year, the institution besides appointed Ultimate Fighting Championship CEO Dana White to its board, different acquainted fig successful Mr. Trump's orbit.