"Maestri has, by all appearances, had a resoundingly successful run since he took on the CFO role a decade ago in 2014. In his tenure, Apple had its strongest fiscal decade ever, as the company's net income more than doubled."
"Apple stock is worth nine times what it was when he stepped into the job. Certainly, that can't be attributed exclusively to the company's CFO, but it appears Maestri navigated both the popularity of the iPhone and the company's shift to services well."
"The announcement on Apple's newsroom website says that Maestri will remain with the company in a reduced role after stepping down from the CFO position. 'Maestri will continue to lead the Corporate Services teams, including information systems and technology, information security, and real estate and development..."
"This may be more for optics than anything else, though. Shareholders are often skittish about significant leadership changes, especially when we're talking about an executive with such a strong track record."
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