Starting Next Year, Apple Will Change Luca Maestri's Position As CFO

Apple CFO Luca Maestri (photo: Apple)

JAKARTA - Apple announced that Luca Maestri's Chief Financial Officer will switch from office on January 1, 2025, and be replaced by runway Parekh who now holds the post of Vice President of Apple's Financial Planning and Analysis.

Luca has been an extraordinary partner in managing Apple for the long term. We are lucky to continue to benefit from the leadership and insights that have characterized her tenure in this company," said Apple CEO Tim Cook in a press release on Monday, August 26.

Nevertheless, Cook said that Maestri would continue to lead the Corporate Services team, including information and technology systems, information security, and real estate and development, and reporting directly to the CEO.

During his tenure as CFO, Maestri has made important investments, which helps the company increase its revenue more than double, with service revenue growing more than five times.

Cook and Maestri also think that Parekh can become Apple's right financial leader. Because according to him, kolan has sharp intelligence, wise judgment and is a brilliant figure.

"I'm looking forward to the next stage of my time at Apple, and I really believe inEVinant as he prepares to take over as CFO," Maestri said further.

Parekh is an electrical engineer with a Bachelor of Science degree from the University of Michigan and an MBA degree from the University of Chicago, who has worked at Apple for 11 years.

Before becoming the leader of Financial Planning and Analysis, G&A and Finance Benefits, Investor Relations, and Market Research, Parekh had led Sales around the World, Retail, and Marketing Finance.