The Apple supervisor, Luca Maestri, speaks to newly graduated college students through the go to of the President of the Council, Giuseppe Conte, to Apple and Cisco Academy.
Marco Cantile | Lightrocket | Getty Photographs
Apple introduced Monday that it’ll substitute Chief Monetary Officer Luca Maestri on Jan. 1 with Kevan Parekh.
Maestri will proceed to guide groups specializing in IT, safety, and actual property growth, Apple stated. He had been Apple CFO since 2014.
Parekh, the incoming CFO, has been on Maestri’s finance management crew for years as the corporate’s VP of Monetary Planning and Evaluation.
“For greater than a decade, Kevan has been an indispensable member of Apple’s finance management crew, and he understands the corporate inside and outside. His sharp mind, smart judgment, and monetary brilliance make him the proper option to be Apple’s subsequent CFO,” Apple CEO Tim Prepare dinner stated in an announcement.
Maestri was named Apple CFO in 2014, earlier than the inventory started a torrid run, partially powered by robust demand for iPhones. He oversaw Apple’s record-breaking capital return program, and appeared alongside Prepare dinner on quarterly earnings calls.
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