Apple makes CFO transition official as Luca Maestri departs role

Apple announced last year that the company’s CFO Luca Maestri would move to a new role in 2025. As promised, the company has now issued a report to investors making Maestri’s transition from CFO official.

Luca Maestri steps down as Apple’s CFO

The company published a Form 8-K on Friday, which is used to notify investors in the United States about events that may be important to shareholders, confirming the change in the change of CFO.

“As part of Apple Inc.’s (“Apple’s”) previously announced Chief Financial Officer transition plan, Apple’s Board of Directors appointed Kevan Parekh, 53, as Apple’s Senior Vice President, Chief Financial Officer, effective January 1, 2025. Mr. Parekh succeeds Luca Maestri in the role of CFO,” the document reads.

Luca Maestri was appointed Apple’s CFO in 2014 and has overseen a period of enormous growth for the company. Apple’s new CFO is Kevin Parekh, who has been with the company for 11 years and currently leads Financial Planning and Analysis, G&A and Benefits Finance, Investor Relations, and Market Research.

We’re updating this article…