Maestri thanked Prepare dinner for his “very type phrases” and went on to say that serving as Apple’s CFO was “an actual privilege and a tremendous journey.” Speaking to the Wall Road and media sorts that may now be the accountability of Kevin Parekh, Maestri mentioned, “I’ve vastly appreciated the help from our buyers and the analyst neighborhood over time. Kevin is outstanding and I do know you’ll take pleasure in interacting with him going ahead.”

Luca Maestri will depart his job as Apple’s CFO beginning on January 1st, 2025. | Picture credit-Apple

On October 4th, Luca offered 59,305 Apple shares at a mean worth of $226.52. Earlier than commissions and taxes, the inventory sale generated a complete worth of roughly $13.43 million. Maestri nonetheless owns 107,788 shares at present value almost $24 million.

Parekh is not popping out of nowhere to take the CFO job at Apple which is one with many obligations that transcend speaking to the media and Wall Road. Kevin has labored at Apple for 11 years and at present runs Monetary Planning and Evaluation, G&A and Advantages Finance, Investor Relations, and Market Analysis.