Dina Powell McCormick is Meta’s newly appointed President and Vice Chair, a task that places her on the centre of the corporate’s push into synthetic intelligence and international infrastructure.She studies on to chief govt Mark Zuckerberg and can assist information Meta’s technique, particularly its work with governments and enormous buyers. Zuckerberg mentioned she’s going to deal with partnering with governments and sovereign funds to assist construct and finance Meta’s AI tasks.McCormick has spent a lot of her profession in each finance and authorities. She labored at Goldman Sachs for 16 years, rising to companion and later operating the financial institution’s sovereign enterprise, the place she dealt intently with government-backed funds, notably within the Center East. She left Goldman in 2023 to hitch a non-public funding agency.Earlier than Wall Road, she constructed robust ties in Washington. She was born in Egypt and labored in numerous US authorities roles for greater than a decade, and later served as deputy nationwide safety adviser for technique throughout Donald Trump’s presidency.Trump welcomed her appointment and posted on-line on Fact Social: “An excellent selection by Mark Z!!! She is a incredible, and really gifted, individual, who served the Trump Administration with energy and distinction!”Her transfer comes as Meta spends most of its revenue on AI, knowledge centres and vitality provide. The corporate is constructing a $27 billion knowledge centre in Louisiana and has signed offers linked to nuclear energy to help its rising computing wants. Powell McCormick’s background is seen as helpful as Meta works extra intently with governments and regulators.She can also be tied to US politics by way of her husband, David McCormick, a Republican who received a Pennsylvania Senate seat in 2024. He beforehand served as a senior Treasury official beneath President George W Bush.Powell McCormick joined Meta’s board final yr and stepped down in December forward of taking up her new govt function. Her appointment comes at a time when buyers are uneasy about Meta’s rising spending on AI and gradual returns, with the corporate’s share worth beneath strain.
