Overview
- Meta announced the appointment on Monday, placing Powell McCormick on its management team to help steer strategy with a focus on AI infrastructure, data centers and energy needs.
- The company says she will work with governments and sovereign wealth funds to build, invest in and finance large-scale compute and infrastructure projects.
- Powell McCormick resigned from Meta’s board in December after joining in April and previously spent 16 years in senior roles at Goldman Sachs, most recently serving as a top executive at BDT & MSD Partners.
- Her hiring follows other GOP-aligned additions, including new chief legal officer Curtis Joseph Mahoney, and the move drew public congratulations from President Donald Trump on Truth Social.
- Meta has signaled heavy AI investment plans, with reporting of up to $72 billion in 2025 capital expenditures and a push to expand long-term investment capacity through outside partnerships.