David Wehner, Meta’s Former CFO, Has Been Promoted to Chief Strategy Officer

According to the earnings announcement for the company’s second quarter, Chief Financial Officer David Wehner will be transitioning into a new role as the company’s first Chief Strategy Officer beginning on November 1.

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David Wehner Promoted To the Role of Chief Strategy Officer

Susan Li, who is now serving as vice president of finance at Meta, will take over as the new chief financial officer of the Facebook parent company.

After hours of trading, saw a little decrease in the price of Meta shares after the business announced profits that fell short of expectations and sales reductions that were sharper than anticipated.

David Wehner Meta Former CFO Promoted Chief Strategy Officer
David Wehner Meta Former CFO Promoted Chief Strategy Officer

Since the beginning of the year, the value of the company’s shares has decreased by approximately half, highlighting the concerns of investors regarding the vitality of the core online advertising business of the company.

In his new post, Wehner will oversee the organization’s strategy and corporate development.

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