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Meta's new president is a former Trump advisor — 3 things to know about Dina Powell McCormick
Business Insider· 2026-01-12 16:55
Core Insights - Meta has appointed Dina Powell McCormick as its new president and vice chairman, marking a significant leadership change within the company [1] - Powell McCormick is the second former Trump administration official to join Meta's leadership in 2026, following the recent hiring of C.J. Mahoney as chief legal officer [1] Group 1: Background of Dina Powell McCormick - Powell McCormick served as a deputy national security advisor under President Trump, focusing on the Middle East, and has personal ties to the region as she was born in Cairo [7] - During her time in the Trump administration, she oversaw a $200 billion US-Saudi arms deal and was involved in significant diplomatic efforts, including Trump's Middle East tour [8] - She also held roles under President George W. Bush, where she became the highest-ranking Arab American in the administration by the time of her resignation in 2007 [9] Group 2: Career at Goldman Sachs - After leaving the Bush administration, Powell McCormick spent 16 years at Goldman Sachs, where she quickly rose to managing director and became a partner within three years [10] - She led initiatives such as the 10,000 Women program and the 10,000 Small Businesses program, showcasing her commitment to empowering women and small businesses [11] - Her leadership was well-regarded, with colleagues noting her ability to inspire and elevate team performance [12] Group 3: Personal Life and Political Involvement - Powell McCormick is married to Pennsylvania Senator Dave McCormick, and she has remained politically active through her husband's campaigns [13] - Dave McCormick ran for the Senate in 2022 but conceded the Republican nomination, later winning a Senate seat in 2024 [14]