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Apple Announces Chief Financial Officer Transition

Luca Maestri to Hand Over CFO Role

After 8 years as Apple's Chief Financial Officer, Luca Maestri will be stepping down at the end of the year. Maestri, who joined Apple in 1997, has been instrumental in the company's financial success, overseeing numerous acquisitions and expansions.

Kevan Parekh Appointed as New CFO

Kevan Parekh, an Indian-origin engineer, will succeed Maestri as Apple's new CFO. Parekh, who previously served as CFO at VMware, brings over 20 years of financial and operational leadership experience to Apple.

Key Points:

• Luca Maestri will step down as Apple's CFO at the end of the year.
• Kevan Parekh will assume the role of CFO, bringing over 20 years of experience.
• Maestri has been instrumental in Apple's financial success during his tenure.