Meta appoints CRED founder Kunal Shah as head of WhatsApp
Meta has appointed Kunal Shah, the founder of Indian fintech platform CRED, to lead WhatsApp. The appointment follows a leadership transition where Will Cathcart moves into a new role at Meta.
Amalgamated from TechCrunch (opens in new tab), Times of India (opens in new tab)
Meta has appointed Kunal Shah, the founder of the Indian fintech platform CRED, as the new head of WhatsApp. Both TechCrunch and the Times of India report that Shah succeeds Will Cathcart in the position.
According to reporting from the Times of India, Cathcart is moving into a new role at Meta specifically focused on future products. The transition involves both leaders moving into different capacities within the company's portfolio.
TechCrunch reports that while Shah is stepping down as CEO of CRED to assume his leadership role at WhatsApp, he will retain his stake in the startup. In addition to this appointment, TechCrunch notes that Meta has invested $900 million in CRED as a minority shareholder.
The Times of India highlights Shah's prior experience scaling CRED to significant revenue and user growth leading up to his new appointment.