Ten years after taking over the role, Apple chief financial officer Luca Maestri will be replaced by Kevan Parekh on January 1st, 2025.
Apple announced that chief financial officer Luca Maestri will step down from his role at the start of next year. He’ll remain at the company as the head of its corporate services team, leading “information systems and technology, information security, and real estate and development.” Maestri joined Apple in 2013 after serving as the CFO of Xerox. He became the CFO just one year later, replacing Peter Oppenheimer.
notes that when he took over, Apple's annual revenue was $183 billion, and last year it reached $383 billion. Apple also announced an expansion to its share repurchase program to $90 billion, which Maestri would oversee. This spring, Apple announced it would increase the amount from $90 billion to $110 billion, breaking its own record of $100 billion.
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