Mark Zuckerberg names new chief strategy and chief financial officers for Meta

Zuckerberg announced the appointments via a post on his Facebook page.

“I want to share a couple of updates to our company leadership that we’ve been working towards for a few years and that I think will help us better achieve our goals,” the Facebook founder wrote in a post congratulating Susan and Dave on their new positions.

“After 10 years at Meta and 25 years in the technology sector, Dave has a unique understanding of the industry and market dynamics that I’ve increasingly come to rely on – especially as our own opportunities, challenges, partnerships, and internal organization grow more complex,” Zuckerberg said.

“Susan has played a key role on our finance team for 14 years – helping take our company public in 2012, overseeing the forecasting and budgeting for our business, and proving herself a talented and dedicated leader,” he added.

The New York Times detailed in a recent report how Zuckerberg was pushing his company through a tech transformation during a global economic slowdown.

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Meta reported its first revenue fall in company history on Thursday due to a decline in ad expenditure as the economy deteriorates and as rival TikTok’s competition grows.

In the months of April and June, the company earned profits of $6.69 billion, or $2.46 per share. This is a reduction of 36% from the $10.39 billion, or $3.61 per share, in the same period last year.

Revenue was $28.82 billion, down 1% from $29.08 billion a year earlier.