Apple CFO Luca Maestri steps down

Apple announced that his CFO Luca Maestri has resigned from his post. One of the masterminds behind the company’s success will step down on January 1, 2025, though he won’t be leaving Cupertino. Apple announced that Maestri will lead the enterprise services team and report directly to Tim Cook.

In a press release published on its website, Apple announced the change of its chief financial officer. Luca Maestri will be responsible for the corporate services teamincluding systems, information technology, information security, real estate and development.

“Luca has been an outstanding partner in Apple’s long-term management. He has played an instrumental role in improving and driving the Company’s financial performance, engaging with shareholders, and instilling financial discipline across all of Apple’s businesses,” said Tim Cook, Apple’s CEO. “We are fortunate to continue to benefit from the leadership and vision that have been the hallmark of his tenure.”

Luca Maestri has had exceptional managerial potential since his arrival in March 2014. Apple Doubles Revenue, Increases Services Revenue FivefoldBefore arriving in Cupertino, Maestri served as CFO at companies including Xerox, Nokia Siemens and General Motors of Europe.

“It has been the greatest privilege of my professional life to serve the most innovative and respected company in the world and to work alongside such an inspiring leader as Tim Cook,” Maestri said. He did not elaborate on the reasons for his resignation, although he said he was looking forward to his next term.

Kevan Parekh to replace Luca Maestri as Apple’s new CFO

Following Luca Maestri’s resignation, Apple announced thatKevan Parekh to become new CFO company. Parekh is Apple’s vice president of financial planning and analysis, a position that has given him insight into the company inside and out.

Before the announcement, Kevan Parekh He managed the planning and financial analysis departments.General finance and financial benefits, investor relations and market research. Previously, he was responsible for global sales and led financial support for the product marketing, sales, engineering and online services teams.

Kevan Parekh has 11 years of experience at Apple. and will assume the role of CFO on January 1, 2025. This means that Luca Maestri will participate for the last time as CFO during the conference call with shareholders to present Apple’s financial results.