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Meta taps ex-Trump advisor Dina Powell as president, vice chair
Meta has appointed Dina Powell McCormick as its new president and vice chairman.
She previously served on Meta’s board and will now join the company’s management team.
Powell McCormick will oversee company strategy and execution and work closely with infrastructure teams on major investment projects.
She will also help build capital partnerships and expand Meta’s long-term investment capacity.
Powell McCormick has over 25 years of experience in global finance and public service, including senior leadership roles at Goldman Sachs and BDT & MSD Partners.
She also held roles in the US government under presidents George W. Bush and Donald Trump.
🔗 Source: Meta
🧠 Food for thought
Implications, context, and why it matters.
Meta’s infrastructure push ramps as capex projected at 36-38% of revenue
- Meta plans $70–$72 billion in capital spending in 2025. That is nearly double the $37.3 billion in 2024, with capex at 36–38% of revenue, the highest yet 1.
- Free cash flow falls from $54 billion in 2024 to about $20 billion in 2025 as the company pours cash into AI infrastructure 1.
- CEO Mark Zuckerberg targets tens of gigawatts this decade, with a path to hundreds over time. That scale needs big data center builds plus long term power deals 2.
- Financing is a focus. Dina Powell McCormick will partner with governments to build infrastructure and secure funding 2.
Power developers and nuclear technology providers can target Meta’s ~9 gigawatts (GW) announced and potential power capacity pipeline
- The company lined up about 2.5 GW of clean energy with NextEra for 2026–2028 34. It also signed 2.609 GW in power purchase agreements from Vistra nuclear plants, including planned uprates 34. Partnerships with TerraPower and Oklo could add up to 4.0 GW between roughly 2030 and 2035 34.
- TerraPower’s deal includes rights to six extra units beyond the first two, for up to 2.8 GW of generation and 1.2 GW of storage, with first delivery as early as 2032 4.
- Oklo plans an advanced technology campus in Pike County, Ohio with up to 1.2 GW from multiple 75 megawatt Aurora Powerhouse reactors, targeted for 2030 4.
- Energy storage players can use utility programs such as PNM’s Rate 36B, a tariff for large customers that enabled 168 MW of battery storage with NextEra 3.
- Santosh Janardhan leads Meta’s infrastructure team 2. The group handles technical architecture and the software stack 2. It also runs custom silicon programs, developer productivity work, and global data centers 2.
