Tim Cook honors Luca Maestri in his last earnings call as Apple CFO

3 weeks ago 5

As announced back in August, Apple’s current CFO Luca Maestri will soon be moving to a new role at the company. During the Q4 2024 fiscal earnings call, Apple CEO Tim Cook took some time to honor Luca Maestri’s work as CFO, as this is the last call he will participate in.

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

”Before I hand it over to Luca, with Luca transitioning to a new role with Apple, this will be the final time he’s joining our call. take a moment to recognize his extraordinary service as Apple CFO and to thank him for his partnership,” said Tim Cook during the call today.

“I am deeply grateful. In his 10 years in the role, Luca has done truly exceptional work in shaping Apple as we know it today. He has helped manage Apple for the long term, thoughtfully and deliberately. He has helped us enrich the lives of so many around the world, and he has been a leader that people look up to and have learned so much from,” Cook added.

Apple’s CEO also said that he has “incredible confidence” in Kevin Parekh, who has been appointed the company’s new CFO.

In response, Luca Maestri thanked Cook for his “very kind words” and said that serving as Apple’s CFO was a “real privilege and an amazing journey.”

I’ve greatly appreciated the support from our investors and the analyst community over the years. Kevin is exceptional and I know you will enjoy interacting with him going forward.

Luca Maestri was appointed Apple’s CFO in 2014 and has overseen a period of enormous growth for Apple. He will continue in the role until the end of the year, while Parekh will take over as CFO on January 1, 2025. Parekh has been at Apple for 11 years and currently leads Financial Planning and Analysis, G&A and Benefits Finance, Investor Relations, and Market Research.