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NewslettersMPW Daily

Why Meta hired Dina Powell McCormick

Ellie Austin
By
Ellie Austin
Ellie Austin
Editorial Director, Most Powerful Women
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Ellie Austin
By
Ellie Austin
Ellie Austin
Editorial Director, Most Powerful Women
Down Arrow Button Icon
May 29, 2026, 12:25 PM ET
Dina Powell McCormick brings diplomatic polish to Meta’s AI push.
Dina Powell McCormick brings diplomatic polish to Meta’s AI push.Ryan Donnell for Fortune
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Good morning, it’s Fortune editorial director Ellie Austin here, filling in for Emma who is on vacation.

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We rely heavily on data when deciding who ranks where on the annual Fortune Most Powerful Women in Business list. This involves evaluating executives based on the size and health of their businesses or P&Ls, measured by both 12-month and three-year financial results. However, other, less tangible criteria are also taken into account, such as the executive’s willingness to innovate, her efforts to make business better, and the influence that she wields beyond her company.

One woman who scores highly in this latter category is Dina Powell McCormick, who is No. 58 on this year’s list. In January, she was appointed president and vice chairman of Meta, after a year on the company’s board. Her broad remit includes co-leading the division that manages Meta’s multi-billion-dollar AI infrastructure buildout. Drawing on her years at the highest echelons of Washington and Wall Street (Powell McCormick has held multiple unelected political positions, including time as deputy national security advisor during President Trump’s first term, as well as 16 years at Goldman Sachs), she is tasked with securing large-scale investors across the globe to help fund Meta’s vast AI ambitions. This is a hugely important role, both for Meta and the AI revolution more generally. And yet, I’d argue that Powell McCormick’s true power transcends her job title.

Last month, I traveled to Washington, D.C. to meet her. It was the day before the White House Correspondents Dinner, and she was co-hosting a lunch to showcase Meta’s AI initiatives. I watched her dart around the hotel ballroom, enveloping people from both political parties in hugs. During an onstage interview at the event, she told us that she considers the Democratic senator from Pennsylvania, John Fetterman, who was in attendance, a “dear friend.” Shortly afterwards, she waved to the Republican former Speaker of the House, Paul Ryan, and congratulated him on some recent tech investments. I chatted to a small-business owner from New York who told me that Powell McCormick is a mentor to her. “I will support Dina wherever she goes,” she added. Fast-forward a week or so, and Powell McCormick was one of three women in a group of business leaders who accompanied President Trump to China. Yes, her current title is impressive and makes her a pivotal decision-maker at one of the world’s most influential companies, but what distinguishes Powell McCormick from other leaders is the sprawling cross-industry network that she has built over decades. It’s a key reason why Meta hired her.

Many skills and factors no doubt contributed to Powell McCormick’s rise. Yet, at a time when we find ourselves glued to screens and more divided than ever, her trajectory is a reminder of the importance of so-called “soft power.” Impactful leadership can be loud, or it can manifest more subtly as the ability to connect with people of all backgrounds and beliefs and make them feel that they matter.

You can read my interview with Powell McCormick here.

Ellie Austin
Editorial Director, Most Powerful Women
ellie.austin@fortune.com

The Most Powerful Women Daily newsletter is Fortune’s daily briefing for and about the women leading the business world. Subscribe here.

ALSO IN THE HEADLINES

Weiss announces personnel changes. CBS News Editor-in-Chief Bari Weiss has ousted 30-year network veteran Tanya Simon as executive producer, replacing her with former New York Times tech columnist and filmmaker Nick Bilton. Correspondents Sharyn Alfonsi and Cecilia Vega were also let go.

Bondi faces questions behind closed doors. Former Attorney General Pam Bondi stood by the Justice Department's handling of the Epstein files on Friday during a private interview before the House Oversight Committee. The DOJ released all files required under the Epstein Files Transparency Act "to the best of my knowledge," Bondi said, adding: "I am proud of the Department's record and commitment to transparency under my leadership.”

The CFO of e.l.f. Beauty has a new mandate. Fortune recently spoke with e.l.f. Beauty CFO Mandy Fields, who has overseen 29 consecutive quarters of sales growth at the company and now spearheads its AI integration efforts. She told Fortune she has three priorities: governance over internal AI systems; readiness for agentic commerce; and driving enterprise efficiency.

Clorox Chair and CEO Linda Rendle is stepping down. Rendle cited health reasons for her resignation, which will be effective once a successor is found. Rendle has led the company since 2020. Clorox ranked No. 516 on the 2025 Fortune 1000.

ON MY RADAR

Why hasn’t California elected a woman governor? New York Times

Girls Who Code CEO: 70% of teen girls want to work in cybersecurity. We’re losing them before they start Fortune

Is Phoebe Gates’ Phia the most celeb-backed shopping startup of all time? Vogue Business

PARTING WORDS

“Never say never.”

—Michigan Gov. Gretchen Whitmer, just hours after saying she won’t be running for president in 2028.

This is the web version of MPW Daily, a daily newsletter for and about the world’s most powerful women. Sign up to get it delivered free to your inbox.
About the Author
Ellie Austin
By Ellie AustinEditorial Director, Most Powerful Women
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Ellie Austin is the editorial director of Most Powerful Women at Fortune.

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