Apple's Luca Maestri to step down as CFO
Investing.comAug 27, 2024 6:04 AM
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.
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