Apple's CFO Luca Maestri is transitioning to a new role starting January 1, 2024, while Kevan Parekh will take over as CFO after 11 years with the company.
The shift in roles is described as part of a planned succession, with no specific reasons given for Maestri's transition away from the CFO position.
Tim Cook stated that Maestri will continue to lead the corporate services team, focusing on key areas like information security and real estate.
Maestri has served as CFO since 2014, and his new role will involve direct reporting to CEO Tim Cook moving forward.
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