Facebook parent company Meta created a new role for their longtime CFO David Wehner, promoting him to chief strategy officer, where he will oversee strategy and corporate development.
His promotion opened the door for Susan Li to become Meta’s next CFO. Li, formerly the vice president of finance, is highly regarded and has been heavily recruited from outside companies in recent years, the WSJ reports.
From his perspective as an expert placing the CFO role, Rouza interpreted the talent movements as a smart way for Meta to keep valued talent and ensure a smooth transition from Wehner to Li.
“I interpret this as a seamless way of succession-planning that doesn’t involve him moving on from the business all together,” said Aaron Rouza, partner and co-head of the finance officers practice at the recruiting firm True.