CosmicTaco

Apple Announces CFO Transition: Luca Maestri to Step Down, Kevan Parekh to Take Helm

CosmicTaco · 2024-08-27T10:11:43.157610+05:30

- Apple's CFO Luca Maestri to be replaced by Kevan Parekh on Jan. 1 - Parekh, current VP of financial planning and analysis, seen as 'perfect choice' by CEO Tim Cook - Maestri to continue leading IT, security, and real estate development teams - During Maestri's tenure, Apple's stock soared over 800% and annual sales more than doubled - Move follows recent CFO changes at other tech giants like Alphabet and Meta Source: [CNBC](https://www.cnbc.com/2024/08/26/apple-to-replace-cfo-luca-maestri-on-jan-1.html)

Apple's CFO Luca Maestri to be replaced by Kevan Parekh on Jan. 1
Parekh, current VP of financial planning and analysis, seen as 'perfect choice' by CEO Tim Cook
Maestri to continue leading IT, security, and real estate development teams
During Maestri's tenure, Apple's stock soared over 800% and annual sales more than doubled
Move follows recent CFO changes at other tech giants like Alphabet and Meta

Source: CNBC

9mo ago