Meta will get new CFO as David Wehner strikes to chief technique officer position

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Meta CFO David Wehner will tackle a brand new position as the corporate’s first chief technique officer, beginning Nov. 1, in line with the corporate’s second-quarter earnings report. Susan Li, Meta’s present vp of finance, would be the Fb mother or father’s new chief monetary officer

Shares of Meta dropped barely in after-hours buying and selling, as the corporate reported an earnings miss and steeper-than-expected revenue declines. Shares have misplaced about half their worth because the starting of the 12 months, underscoring investor concern in regards to the well being of the corporate’s core internet advertising enterprise. 

Wehner will oversee the corporate’s technique and company improvement in his new position.

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