Meta CFO David Wehner will tackle a brand new function as the corporate’s first chief technique officer, beginning Nov. 1, in response to the corporate’s second-quarter earnings report. Susan Li, Meta’s present vice chairman of finance, would be the Fb dad or mum’s new chief monetary officer

Shares of Meta dropped barely in after-hours buying and selling, as the corporate reported an earnings miss and steeper-than-expected income declines. Shares have misplaced about half their worth because the starting of the 12 months, underscoring investor concern concerning the well being of the corporate’s core internet advertising enterprise. 

Wehner will oversee the corporate’s technique and company growth in his new function.