- Push-out Score determined
- After around eight years in the position
- Susan Li taking over
- Wehner will remain as Chief Strategy Officer at Meta
(exechange) — Menlo Park, California, July 27, 2022 — Dave Wehner, finance chief of Meta, leaves his position. As announced by Meta Platforms Inc. in a news release on Wednesday, July 27, 2022, David M. (Dave) Wehner leaves his post as chief financial officer at the technology conglomerate formerly known as Facebook, Inc., after around eight years in the role, effective November 1, 2022.
Dave Wehner’s duties as CFO will be taken over by Susan Li, currently Vice President of Finance at Meta Platforms Inc.
No reason given
In the announcement, Meta did not explicitly explain the reason for the move.
Wehner will remain as CSO at Meta
“Effective November 1, 2022, current Chief Financial Officer David Wehner will take on a new role as Meta’s first Chief Strategy Officer, where he will oversee the company’s strategy and corporate development,” Meta said.
Share price decline since July 2021
The announcement follows a decline in Meta Platforms Inc.’s share price of 55% since July 2021.
In the position of CFO since 2014
Dave Wehner became CFO of the Company in 2014.
Dave Wehner is chief financial officer of Meta, where he leads the finance, facilities and information technology teams.
Prior to becoming CFO in June 2014, Dave Wehner served as the company’s vice president of Corporate Finance and Business Planning.
From 2010 through 2012, Dave Wehner served as Chief Financial Officer of Zynga Inc.
Before Zynga, Dave Wehner was a Managing Director at Allen & Company, an investment bank focused on media and technology, which he joined in 2001.
Dave Wehner holds a B.S. in Chemistry from Georgetown University, and a M.S. in Applied Physics from Stanford University.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Dave Wehner’s move on a scale of 0 to 10.
exechange reached out to Meta and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 31.2022 ($).