WhatsApp CEO Will Cathcart steps down after 7 years
▼ Summary
– Will Cathcart is stepping down as head of WhatsApp after seven years, and Kunal Shah, founder of fintech startup Cred, will replace him.
– Meta is investing $900 million into Cred as part of Shah’s appointment, acquiring a 20 percent stake in the startup.
– Cred is an app that helps users manage bills and earn rewards for payments made through the platform.
– Cathcart became WhatsApp’s head in 2019 and oversaw major changes during his tenure.
– The leadership change was announced by Meta CEO Mark Zuckerberg on Facebook.
After seven years at the helm, WhatsApp CEO Will Cathcart is stepping down, with Meta appointing a new leader for the messaging giant. On Monday, Meta CEO Mark Zuckerberg announced on Facebook that Kunal Shah, the founder of Indian fintech startup Cred, will take over as the head of WhatsApp.
Cred is a platform that helps users manage bills and earn rewards for timely payments. As part of Shah’s appointment, Meta is investing $900 million into Cred, securing a 20 percent stake in the startup, according to Bloomberg.
Cathcart took the reins of WhatsApp in 2019, steering the company through major transformations. Under his leadership, the app introduced significant features and navigated evolving privacy and business strategies. His departure marks a notable shift in leadership for one of the world’s most widely used messaging platforms.
(Source: The Verge)
