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CUPERTINO, CA - Apple Inc. (NASDAQ:AAPL) disclosed in a recent SEC filing that Luca Maestri, the company's Chief Financial Officer (CFO), is scheduled to step down from his role effective January 1, 2025. Maestri, who has been at the helm of Apple's financial operations, will not be leaving the company entirely.
Instead, he will continue to oversee Corporate Services, which includes teams responsible for information systems and technology, information security, as well as real estate and development. He will report directly to CEO Tim Cook.
In line with a planned succession strategy, Kevan Parekh, currently serving as Apple’s Vice President of Financial Planning and Analysis, is set to take over as CFO and will be joining Apple's executive team. The announcement came on Monday and marks a significant change in the technology giant's financial leadership.
The transition comes at a time when Apple continues to be a dominant player in the tech industry, known for its innovation and financial performance. The move is part of a broader trend of executive shifts within major corporations, as companies adapt to changing markets and prepare for future challenges.
Apple's stock continues to be traded on The Nasdaq Stock Market LLC, and the company remains a key subject of interest for investors around the globe. As the transition approaches, the market will be observing how this change will influence Apple's financial planning and overall corporate strategy moving forward.
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