Luca Maestri Apple

Apple CFO Luca Maestri to Transition From Role in 2025

Longtime Apple Executive to Step Down After 12 Years

Key Points:

* Luca Maestri, Apple's CFO since 2013, will transition from his role on January 1, 2025. * Maestri has led Apple's finance operations for over a decade, reporting directly to CEO Tim Cook. * Kevan Parekh, Maestri's top deputy, will succeed him as CFO.

In a move that surprised many in the tech industry, Apple announced today that its long-time Chief Financial Officer (CFO) Luca Maestri will be stepping down from his role at the end of 2024.

Maestri, who has served as Apple's CFO since 2013, has been a key figure in the company's growth and success over the past decade. Under his leadership, Apple's revenue has more than doubled, and its profits have soared.

In his new role, Maestri will become an Apple Fellow, reporting directly to CEO Tim Cook. He will continue to provide strategic advice and support to the company, but will no longer be responsible for the day-to-day operations of Apple's finance department.

Kevan Parekh, who has served as Apple's vice president of finance since 2020, will succeed Maestri as CFO. Parekh has been with Apple for over 20 years and has a deep understanding of the company's finances.

"Luca has been an extraordinary CFO for Apple, and he has made immeasurable contributions to our company," said Cook in a statement. "We are incredibly grateful for his leadership and his many years of service, and we wish him all the best in his new role."

What's Next for Apple?

Maestri's departure marks the end of an era at Apple. He has been a key member of Cook's executive team and has played a major role in the company's success over the past decade.

It remains to be seen how Parekh will fill Maestri's shoes, but he has a strong track record and is well-respected within Apple.

Apple is a company that is constantly evolving, and Maestri's departure is just one of many changes that the company has undergone in recent years.

It will be interesting to see how Parekh leads Apple's finance department in the years to come and how he helps the company to continue to grow and succeed.