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 presently serves as vice chairman of Monetary Planning and Evaluation.
Maestri will proceed to work for Apple and lead its Company Providers groups, which embrace company IT, data safety, and actual property and improvement. He’ll proceed to report back to Apple CEO Tim Cook dinner.
“Luca has been a unprecedented companion in managing Apple for the long run. He has been instrumental in bettering and driving the corporate’s monetary efficiency, participating with shareholders, and instilling monetary self-discipline throughout each a part of Apple,” mentioned Cook dinner in a press launch. “We’re lucky that we are going to proceed to profit from the management and perception which were the hallmark of his tenure on the firm,” mentioned Tim Cook dinner, Apple’s CEO.”
Maestri turned 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.