Luca Maestri

Luca Maestri
Born (1963-10-14) 14 October 1963 (age 61)
Rome, Italy
Alma materLuiss University (BEc)
Boston University (MS)
Occupation(s)Senior Vice President and Chief Financial Officer, Apple Inc.
Board member ofApple

Luca Maestri (born 14 October 1963) is an Italian businessman. He is the chief financial officer (CFO) of Apple Inc. until the end of 2024.[1][2][3]

Education

Maestri has a bachelor's degree in economics from Luiss University in Rome, Italy, in 1987 and a Master of Science in management from Boston University in 1991.[4]

Career

Before Apple

The first global company where Maestri worked was at General Motors. After that, in 2009, he worked at Nokia Networks and at Xerox as a CFO.

Apple

In 2014, after working at Apple Inc. as vice president of finance and corporate controller, he was appointed the position of CFO.[5][6][7] Along with being the chief financial officer he will also assume the responsibility of principal accounting officer. Upon being appointed CFO, he was issued 6,337 restricted stock units (currently worth approximately $4 million). Maestri's official salary is $1 million but he is eligible for Apple's performance-based cash bonus program which increases his salary. In 2014, he took in a salary of $14 million and in 2015, he took in a salary of $25.3 million.[8] Based on SEC filings, from 2018 to 2020, Maestri's average compensation was $26 million.[9] Maestri will step down at the end of 2024.[2]

Maestri will be head of the Corporate Services teams and report to Apple CEO Tim Cook. Kevan Parekh will replace Maestri in the CFO role.[2]

References

  1. ^ "New Apple CFO Luca Maestri's official profile lands on executive leadership webpage". www.appleinsider.com. Quiller Media, Inc. Archived from the original on 14 December 2014. Retrieved 4 December 2014.
  2. ^ a b c "Apple announces Chief Financial Officer transition". Apple Newsroom. Archived from the original on 2024-08-26. Retrieved 2024-08-26.
  3. ^ Reuters (27 August 2024). "Apple taps insider Kevan Parekh as CFO, replacing Maestri". reuters.com. Reuters. Retrieved 27 August 2024.
  4. ^ "Luca Maestri". Nestlé. Archived from the original on 2024-09-13. Retrieved 2024-09-13.
  5. ^ "Luca Maestri". www.bloomberg.com. Bloomberg Businessweek. Archived from the original on March 8, 2014. Retrieved 4 December 2014.
  6. ^ "Luca Maestri". www.apple.com. Apple Inc. Archived from the original on 4 May 2017. Retrieved 4 December 2014.
  7. ^ "Luca Maestri". Forbes. Archived from the original on January 17, 2013. Retrieved 4 December 2014.
  8. ^ "Apple officially appoints new CFO Luca Maestri as Peter Oppenheimer transitions out". AppleInsider. Archived from the original on 2015-12-10. Retrieved 2015-12-09.
  9. ^ "Compensation Information for Luca Maestri, Senior Vice President, CFO of Apple". Salary.com. Archived from the original on September 5, 2021. Retrieved September 5, 2021.


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