Apple’s CFO has already changed. Luca Maestri stepped down from the chief financial officer role on January 1, 2025, and Kevan Parekh became Apple’s CFO. Maestri did not leave Apple; he moved into the role of vice president of Corporate Services.
The headline “Apple’s CFO will step down” referred to an announcement Apple made on August 26, 2024. It is outdated if presented as current news.
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What happened to Apple’s CFO?
Apple announced a planned CFO succession in August 2024. Maestri transitioned out of the CFO position effective January 1, 2025, and Parekh took over as Apple’s senior vice president and chief financial officer.
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Apple’s announcement and a subsequent SEC filing identify the change as a planned officer transition—not a sudden resignation or reported firing.
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Apple CFO transition timeline
- August 26, 2024: Apple announced that Maestri would leave the CFO role and that Parekh would succeed him.
- January 1, 2025: Parekh became CFO, while Maestri moved to Corporate Services.
- August 18, 2026: Apple’s leadership page listed Parekh as its current senior vice president and CFO.
Who is Kevan Parekh?
Parekh joined Apple in 2013 and was previously the company’s vice president of Financial Planning and Analysis. Before becoming CFO, he supported finance for areas including engineering, iTunes, marketing, retail and sales.
Apple’s current leadership profile says his responsibilities include accounting, financial planning and analysis, treasury, investor relations, internal audit and tax.
What happened to Luca Maestri?
Maestri stepped down from the CFO role, not from Apple. He became vice president of Corporate Services and continued reporting to Apple’s CEO.
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Outbyte Driver Updater FREEScan for outdated or missing drivers - takes under a minuteDriver Scan →Outbyte PC Repair FREERepair Windows errors before they cause bigger problemsFix Now →His responsibilities include information systems and technology, information security, real estate and development, Caffè Macs and Claris, according to his Apple leadership biography. Maestri had joined Apple in 2013 and served as CFO for approximately a decade.
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Was Maestri’s move a resignation or retirement?
The official information supports describing it as a planned succession and internal promotion. Apple did not present the change as a surprise resignation, firing or retirement, and Maestri remained in a senior executive role.
Because Parekh was already an Apple finance executive and the transition was announced months before it took effect, the change suggests continuity in Apple’s finance leadership. That is an interpretation of the succession structure, however—not a claim that the change had no effect on Apple’s business or investors.
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- Author: Bungay Stanier, Michael.
- Publisher: Page Two
- Pages: 244
- Publication Date: 2016-02-29
- Edition: 1
Current status
Current status as of August 18, 2026: Kevan Parekh is Apple’s CFO. Luca Maestri is Apple’s vice president of Corporate Services.
Apple’s 2026 proxy statement also identifies Parekh as CFO and records Maestri’s transition from the position in 2025.
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Why the old headline still causes confusion
Search results, archived articles and syndicated reports can continue to display the original future-tense wording. “Will step down” was accurate before January 1, 2025. After that date, accurate descriptions are “stepped down,” “left the CFO role” or “was succeeded as CFO.”
It is also important to distinguish leaving a job from leaving a company. Maestri left Apple’s CFO position, but he did not leave Apple.
What this means for Apple investors
The official record establishes a scheduled internal succession, not evidence by itself of financial trouble or a leadership crisis. It also does not establish how investors viewed the move or what effect it had on Apple’s stock or operations. Those conclusions would require separate market and business evidence.
As of the dated status above, there is no separate current CFO departure established by the reviewed Apple leadership materials and SEC filings.
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