Meta taps Wall Street dealmaker Dina Powell McCormick as companys first president

Meta has landed one of Wall Street’s most connected dealmakers.Dina Powell McCormick, the former Goldman Sachs executive with deep ties to large pools of capital, and leaders around the world, who has advised two US presidents, is joining as the company’s first-ever president and vice chairman.Powell McCormick, who spent decades cultivating relationships with sovereign wealth funds at Goldman Sachs, is expected to focus on securing strategic partnerships and overseeing Meta’s $600 billion infrastructure buildout over the next decade.And that is welcome news to investors. The deal signals that Meta — which has been spending billions on AI talent over the last year — is now open to global partnerships and capital. “Dina’s experience at the highest levels of global finance, combined with her deep relationships around the world, makes her uniquely suited to help Meta manage this next phase of growth as the company’s President and Vice Chairman,” said Meta Founder and CEO Mark Zuckerberg. The move comes as the company aims to keep pace in the AI arms race.Meta has shelled out billions — including a nearly $15 billion deal with Scale AI’s Alexandr Wang for data labeling and other major AI investments — but investors want to see Meta tap into outside capital and prioritize the kind of strategic partnerships that its competitors are pursuing.Over the last year, Nvidia, OpenAI, and xAI have aggressively pursued high-stakes partnerships and investments in the Middle East, capitalizing on the region’s sovereign wealth funds, energy resources, and ambitions to become AI hubs amid a global scramble for compute power and rare earths. Powell McCormick began working with Zuckerberg after she joined the Meta board — which includes Stripe co-founder Patrick Collison, Andreessen Horowitz co-founder Marc Andreessen and UFC president Dana White — in April 2025.

She left the board last month ahead of taking on her new role. She is leaving her position ...