Apple's Chief Financial Officer, Luca Maestri, to Step Down
Current CFO to Transition Role at the End of the Year
Apple today announced their Chief Financial Officer, Luca Maestri will step down from his role at the end of the year. He will be succeeded by the company's current vice president of finance, Kathyrn Wood.
Maestri has been with Apple for over a decade. He ascended to the CFO role in 2014, succeeding Peter Oppenheimer. Prior to that, he was vice president of finance and corporate controller. Under his leadership, Apple has seen its revenue grow from $182 billion to over $365 billion.
Wood has been with Apple for 20 years and has held positions in tax, treasury, and financial planning and analysis. She is known within the company for her strong leadership skills and her deep understanding of Apple.
Third Quarter Earnings
The announcement comes as Apple is set to release its third quarter earnings results. Analysts expect the company to report strong growth, driven by sales of the new iPhone 14 and other products.
Apple's stock price has been on a steady upward trend in recent months. The company's market capitalization is currently over $2.4 trillion.
Key Takeaways:
- Apple CFO Luca Maestri to step down at the end of the year.
- Maestri will be succeeded by Kathyrn Wood, the company's current vice president of finance.
- Wood has been with Apple for 20 years and has held positions in various financial areas.
- Apple is set to release its third quarter earnings results soon, and analysts expect strong growth.
- Apple's stock price has been trending upwards, and the company's market capitalization is over $2.4 trillion.
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