Apple’s Chief Financial Officer Luca Maestri is stepping down from his role, Apple announced today. Maestri is not leaving the company and will lead the Corporate Services teams, including information systems and technology, information security, and real estate and development, where he will continue to report to Apple CEO Tim Cook.
Apple Vice President of Financial Planning and Analysis Kevan Parekh will take over as Chief Financial Officer, joining Apple’s executive team. In a statement, Apple CEO Tim Cook said that Luca has been an “instrumental” part of improving Apple’s financial performance.
Luca has been an extraordinary partner in managing Apple for the long term. He has been instrumental in improving and driving the company’s financial performance, engaging with shareholders, and instilling financial discipline across every part of Apple. We’re fortunate that we will continue to benefit from the leadership and insight that have been the hallmark of his tenure at the company.
Cook also said that Parekh has been an “indispensable” member of Apple’s finance team for the last decade, and he “understands the company inside and out.”
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