As introduced again in August, Apple’s present CFO Luca Maestri will quickly be transferring to a brand new function on the firm. Throughout the This fall 2024 fiscal earnings name, Apple CEO Tim Prepare dinner took a while to honor Luca Maestri’s work as CFO, as that is the final name he’ll take part in.

Luca Maestri says serving as Apple’s CFO was a ‘actual privilege’

”Earlier than I hand it over to Luca, with Luca transitioning to a brand new function with Apple, this would be the remaining time he’s becoming a member of our name. take a second to acknowledge his extraordinary service as Apple CFO and to thank him for his partnership,” stated Tim Prepare dinner through the name immediately.

“I’m deeply grateful. In his 10 years within the function, Luca has accomplished really distinctive work in shaping Apple as we all know it immediately. He has helped handle Apple for the long run, thoughtfully and intentionally. He has helped us enrich the lives of so many world wide, and he has been a frontrunner that individuals look as much as and have realized a lot from,” Prepare dinner added.

Apple’s CEO additionally stated that he has “unbelievable confidence” in Kevin Parekh, who has been appointed the corporate’s new CFO.

In response, Luca Maestri thanked Prepare dinner for his “very form phrases” and stated that serving as Apple’s CFO was a “actual privilege and an incredible journey.”

I’ve vastly appreciated the help from our traders and the analyst group through the years. Kevin is phenomenal and I do know you’ll get pleasure from interacting with him going ahead.

Luca Maestri was appointed Apple’s CFO in 2014 and has overseen a interval of monumental progress for Apple. He’ll proceed within the function till the tip of the yr, whereas Parekh will take over as CFO on January 1, 2025. Parekh has been at Apple for 11 years and presently leads Monetary Planning and Evaluation, G&A and Advantages Finance, Investor Relations, and Market Analysis.

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