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Apple’s Chief Monetary Officer Luca Maestri is stepping down from his function on January 1, 2025, Apple introduced immediately. Maestri will not be leaving the corporate and can lead the Company Providers groups, together with data techniques and know-how, data safety, and actual property and growth, the place he’ll proceed to report back to Apple CEO Tim Prepare dinner.
Apple Vice President of Monetary Planning and Evaluation Kevan Parekh will take over as Chief Monetary Officer, becoming a member of Apple’s govt crew. In an announcement, Apple CEO Tim Prepare dinner stated that Maestri has been an “instrumental” a part of enhancing Apple’s monetary efficiency.
Luca has been a unprecedented accomplice in managing Apple for the long run. He has been instrumental in enhancing and driving the corporate’s monetary efficiency, partaking with shareholders, and instilling monetary self-discipline throughout each a part of Apple. We’re lucky that we are going to proceed to learn from the management and perception which have been the hallmark of his tenure on the firm.
Prepare dinner additionally stated that Parekh has been an “indispensable” member of Apple’s finance crew for the final decade, and he “understands the corporate in and out.”
Maestri has been Apple’s CFO for over a decade, taking up the function in Might 2014. There isn’t a phrase on why Maestri has determined to step down as CFO, however in an announcement he stated that he’s wanting ahead to his subsequent interval at Apple.
It’s the biggest privilege of my skilled life to serve the world’s most progressive and admired firm, and to work aspect by aspect with a frontrunner as inspirational as Tim Prepare dinner. I’m wanting ahead to the following stage of my time at Apple, and I’ve huge confidence in Kevan as he prepares to take the reins as CFO. He’s really distinctive, has a deep love for Apple and its mission, and he embodies the management, judgment, and values which are so essential to this function.
Parekh has labored at Apple for 11 years and leads Apple’s monetary planning and evaluation, investor relations, market analysis, and G&A and advantages finance groups. Previous to working at Apple, he labored at Thomson Reuters and Common Motors. He’ll take over for Maestri on earnings calls and comparable occasions on January 1, 2025.
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