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Apple's Luca Maestri to step down as CFO

Investing.comAug 27, 2024 6:04 AM

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Investing.com -- Apple said Monday that Luca Maestri would be stepping down as chief financial on Jan. 1, 2025.

Vice President of Financial Planning and Analysis Kevan Parekh would succeed Maestri as CFO and join the executive team.

Maestri, however, will continue to lead the Corporate Services teams and report to Apple CEO Tim Cook.

Long-standing CFO Maestri "enabled essential investments and practiced robust financial discipline, which together helped the company more than double its revenue, with services revenue growing more than five times," Apple said in a statement.

Apple Inc (NASDAQ:AAPL) was down nearly 1% in afterhours trading.

Reviewed byTony

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

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