Apple’s Luca Maestri will resign as CFO By Investing.com

Investing.com — Apple said on Monday that Luca Maestri will step down as chief financial officer on January 1, 2025.

As part of a planned succession, Vice President of Financial Planning and Analysis Kevan Parekh would succeed Maestri as CFO and join the executive team.

However, Maestri will continue to lead the corporate services teams and report to Apple CEO Tim Cook.

Longtime CFO Maestri, who joined Apple as corporate controller in 2013, “has enabled key investments and practiced sound financial discipline, which together have helped the company double its revenue, with services revenue growing more than fivefold ,” Apple said in a statement. statement.

Apple Inc (NASDAQ: ) fell nearly 1% in after-hours trading.