WhatsApp has announced that Will Cathcart will be taking on a new role within the company. This move comes after Cathcart's departure from his position as the head of WhatsApp as he moves into a new role at Meta. As part of this transition, Cathcart will be leaving WhatsApp to focus on other priorities.
In his place is Kunal Shah, who has been stepping up as CEO for some time now. However, Shah has stepped down from his role in order to be replaced by Cathcart. This move marks a significant change within Meta's leadership team, and the company's efforts to refresh its management structure.
This latest development comes as part of Meta's $900 million investment in Indian fintech startup CRED. As CEO, Shah will oversee the continued growth and expansion of CRED, which has been rapidly expanding its operations in India. The investment reflects Meta's interest in leveraging technology to improve financial inclusion across various regions around the world.