Apple CFO Luca Maestri to Step Down in 2023

A Decade-Long Tenure

Apple's chief financial officer (CFO) Luca Maestri will step down from his role at the beginning of next year, marking the end of a more than decade-long stint.

Maestri has been instrumental in the company's financial success, overseeing its rise to become one of the most valuable companies in the world.

Compensation and Succession

As CFO, Maestri received a total compensation of $26,935,883 in the fiscal year 2023.

He will be succeeded by Kevan Parekh, who joined Apple in 2013 and currently serves as the company's vice president of finance.

Key Points:

• Luca Maestri has been Apple's CFO for over a decade.
• He will step down from the role in early 2023.
• Kevan Parekh will succeed Maestri as CFO.
• Maestri's total compensation for fiscal year 2023 was $26,935,883.

Maestri's Contributions

During his tenure, Maestri has overseen Apple's financial operations, including its supply chain, manufacturing, and distribution.

He has also played a key role in Apple's acquisition strategy, including the purchases of Beats Electronics and Shazam.

Accomplishments:

• Oversaw Apple's financial operations, including supply chain, manufacturing, and distribution.
• Played a key role in Apple's acquisition strategy.
• Helped Apple become one of the most valuable companies in the world.

Conclusion

Luca Maestri's departure from Apple marks the end of an era for the company.

His contributions to Apple's financial success have been significant, and he will be remembered as one of the most influential CFOs in the tech industry.