Dina Powell McCormick, Vice Chair of BDT and MSD Partners, spoke at the Qatar Economic Forum (QEF) in Doha, Qatar, on Wednesday, May 15, 2024.
Christopher Pike Bloomberg | Getty Images
meta The company announced Monday that it has appointed Dina Powell McCormick as president and vice chair.
Powell McCormick joined Meta’s board in April but resigned in December, according to a filing with the U.S. Securities and Exchange Commission.
Mr. Mehta said Mr. Powell McCormick will serve as a member of the company’s executive team, guiding strategy and execution.
“Dina’s experience at the highest levels of global finance, combined with her deep relationships around the world, makes her uniquely qualified to help manage Meta’s next phase of growth as President and Vice Chairman,” Meta CEO Mark Zuckerberg said in a statement.
Prior to joining Meta, Mr. Powell-McCormick served as Vice Presidential National Security Advisor to President Donald Trump and worked under Secretary of State Condoleezza Rice in the administration of President George W. Bush.
Powell McCormick is the second former member of the Trump administration that Meta has hired in recent weeks.
Earlier this month, the company announced it had hired Curtis Joseph Mahoney, who served as deputy U.S. Trade Representative during the Trump administration’s first term, as its new chief legal officer.
In a post on his social media platform Truth Social on Monday, President Trump wrote: “Congratulations to Dina Powell McCormick, who was just appointed as Meta’s new president. What a great choice by Mark Z!!! She is an amazing and extremely talented person who served the Trump administration with strength and distinction!”
Mr. Powell McCormick spent 16 years in senior management positions at Goldman Sachs, most recently as an executive at BDT & MSD Partners.
Hours after Meta announced Powell McCormick’s role, Zuckerberg announced the company’s new artificial intelligence infrastructure initiative called Meta Computing.
Meta has poured billions of dollars into expanding its data centers in recent years as it races to keep up with AI rivals such as: googleOpenAI and Anthropic.
“Meta plans to build tens of gigawatts over the next decade, and hundreds of gigawatts or more over the long term,” Zuckerberg said in a Threads post on Monday. “How we design, invest and partner to build this infrastructure will be a strategic advantage.”
Zuckerberg said the effort will be led by Santosh Janardhan, who builds and operates Meta’s global data center fleet and network, and Daniel Gross, who will lead a new group responsible for long-term capacity strategy and planning.
Zuckerberg said Janardhan and Gross will work closely with Powell McCormick, who will help “partner with governments and sovereigns to build, deploy, invest in, and finance Meta’s infrastructure.”
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