Maestri, 60, will stay on in a reduced role that will include oversight of teams responsible for IT and real estate.
Apple ’s longtime Chief Financial Officer Luca Maestri will step down from the post on Jan. 1, the company announced.
“For more than a decade, Kevan has been an indispensable member of Apple’s finance leadership team, and he understands the company inside and out,” Apple CEO Tim Cook said in a statement on Monday. Maestri was hired as Apple’s vice president of finance and corporate controller in 2013 and took over the CFO role the following year. Since then, the company’s stock has surged nearly 1,000%, while its revenue has more than doubled.Lowe's becomes latest company to end DEI policies amid growing backlash“I’m looking forward to the next stage of my time at Apple, and I have enormous confidence in Kevan as he prepares to take the reins as CFO,” Maestri said in a statement.
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