Meta will get new CFO as David Wehner strikes to leader technique officer function

David Wehner, CFO at Meta

Harriet Taylor | CNBC

Meta CFO David Wehner will tackle a brand new function as the corporate’s first leader technique officer, beginning Nov. 1, in keeping with the corporate’s second-quarter profits file. Susan Li, Meta’s present vice chairman of finance, would be the Fb mother or father’s new leader monetary officer

Stocks of Meta dropped rather in after-hours buying and selling, as the corporate reported an profits omit and steeper-than-expected income declines. Stocks have misplaced about part their price for the reason that starting of the yr, underscoring investor fear concerning the well being of the corporate’s core web advertising industry. 

Wehner will oversee the corporate’s technique and company construction in his new function.