Apple on Monday revealed that long time Chief Financial Officer Luca Maestri (imagined above) will be leaving his CFO post at the end of this year. Apple's brand-new CFO will be Kevan Parekh, who presently acts as vice president of Financial Planning and Analysis.
Maestri will continue to work for Apple and lead its Corporate Services groups, that include business IT, details security, and property and advancement. He will continue to report to Apple CEO Tim Cook.
“Luca has actually been a remarkable partner in handling Apple for the long term. He has actually contributed in enhancing and driving the business's monetary efficiency, engaging with investors, and instilling monetary discipline throughout every part of Apple,” stated Cook in a news release. “We're lucky that we will continue to take advantage of the management and insight that have actually been the trademark of his period at the business,” stated Tim Cook, Apple's CEO.”
Maestri ended up being Apple's CFO in 2013 after he held the very same position at Xerox. his profession began with GM, where he invested twenty years in financing and operation functions. Parekh likewise signed up with Apple in 2013. He was Thompson Reuters' Corporate Treasurer before signing up with Apple.
Author: Roman Loyola, Senior Editor, Macworld
Roman is a Macworld Senior Editor with over 30 years of experience covering the tech market, concentrating on the Mac and other items in the Apple community. He is likewise the host of the Macworld Podcast. His profession began at MacUser, where he got Apple accreditation as a repair work professional (when Apple did that example). He's likewise worked for MacAddict, MacLife, and TechTV.
