Apple on Monday introduced that longtime Chief Monetary Officer Luca Maestri might be leaving his CFO submit on the finish of this yr. Apple’s new CFO might be Kevan Parekh, who at present serves as vp of Monetary Planning and Evaluation.
Maestri will proceed to work for Apple and lead its Company Providers groups, which embrace company IT, info safety, and actual property and improvement. He’ll proceed to report back to Apple CEO Tim Prepare dinner.
“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,” stated Prepare dinner in a press launch. “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,” stated Tim Prepare dinner, Apple’s CEO.”
Maestri grew to become Apple’s CFO in 2013 after he held the identical place at Xerox. his profession began with GM, the place he spent 20 years in finance and operation roles. Parekh additionally joined Apple in 2013. He was Thompson Reuters’ Company Treasurer earlier than becoming a member of Apple.