NEW YORK — Dina Powell McCormick, a senior finance professional and former adviser to the Trump administration, has been appointed president and vice chairman of Facebook by its owner, Meta.
Powell McCormick was "deeply engaged" in pushing Meta's quest for artificial intelligence across platforms while she was a member of the board of directors. According to Meta, Powell McCormick will assist in directing the company's entire strategy, which includes carrying out multibillion-dollar investments, in her new managerial position.
U.S. President Donald Trump swiftly praised the news when it was announced on Monday. The Republican president praised Meta CEO Mark Zuckerberg's decision on his social media platform Truth Social, writing that Powell McCormick had "served the Trump Administration with strength and distinction."
In a statement, Zuckerberg said that Powell McCormick was "uniquely suited to help Meta" in its future expansion due to her background in international banking and "her deep relationships around the world."
Powell McCormick has served in the Republican National Committee and two presidential administrations. She served in the White House and the Secretary of State's office under President George W. Bush before joining Trump as a national security adviser at the beginning of his first term. She is married to U.S. Senator David McCormick, who worked under Bush in high-level roles in the Treasury and Commerce departments before becoming the CEO of the hedge firm Bridgewater Associates.
Powell McCormick has also worked in finance for a long time. Prior to her most recent position as vice chair, president, and head of global client services at merchant bank BDT & MSD Partners, she held senior executive positions at Goldman Sachs for 16 years. She has also served on the boards of a few other companies, notably the massive oil company Exxon Mobil.
Powell McCormick had already resigned from Meta's board in December, eight months after becoming a director, according to a securities filing.
Powell McCormick joined Meta's executive team as part of broader initiatives by California-based Meta to strengthen its relationship with Trump, who was previously barred from Facebook. Like other influential tech CEOs, Zuckerberg has doubled down on promises of hundreds of billions of dollars in U.S. investment and dined with the president at the White House. Dana White, the CEO of Ultimate Fighting Championship and another well-known person in Trump's inner circle, was also added to the company's board last year.
