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Luca Maestri

From Wikipedia, the free encyclopedia
Italian-American business executive
Luca Maestri
Born (1963-10-14)14 October 1963 (age 62)
Rome, Italy
Alma materLuiss University (BEc)
Boston University (MS)
OccupationBusiness executive
Known forFormerchief financial officer ofApple, Inc.
Board member ofApple

Luca Maestri (born 14 October 1963) is an Italian-born American business executive. He was thechief financial officer ofApple Inc from 2014 until the end of 2024.[1][2][3] Since 2025, he leads the corporate services teams at Apple.

Education

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Maestri has a bachelor's degree in economics fromLuiss University in Rome, Italy, in 1987 and a master's degree in management fromBoston University in 1991.[4]

Career

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Before Apple

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The first global company where Maestri worked was atGeneral Motors. After that, in 2009, he worked atNokia Networks and atXerox as aCFO.[5][6]

Apple

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In 2014, after working at Apple Inc. as vice president of finance and corporate controller, he was appointed the position of chief financial officer.[7][8][9] Along with being the chief financial officer, he assumed the responsibility of principal accounting officer. Upon being appointed chief financial officer, 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.[10] Based on SEC filings, from 2018 to 2020, Maestri's average compensation was $26 million.[11]

Maestri stepped down as chief financial officer at the end of 2024.[2] After relinquishing the role toKevan Parekh, Maestri heads the corporate services teams, reporting to Apple chief executiveTim Cook.[2]

References

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  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. Retrieved4 December 2014.
  2. ^abc"Apple announces Chief Financial Officer transition".Apple Newsroom.Archived from the original on 2024-08-26. Retrieved2024-08-26.
  3. ^Reuters (27 August 2024)."Apple taps insider Kevan Parekh as CFO, replacing Maestri".reuters.com.Reuters. Retrieved27 August 2024.
  4. ^"Luca Maestri".Nestlé. Archived fromthe original on 2024-09-13. Retrieved2024-09-13.
  5. ^Chasan, Emily (March 4, 2014)."Luca Maestri's Route To Apple CFO".The Wall Street Journal.
  6. ^"Xerox CFO leaving to join Apple".Reuters. January 11, 2013.
  7. ^"Luca Maestri".www.bloomberg.com.Bloomberg Businessweek. Archived fromthe original on March 8, 2014. Retrieved4 December 2014.
  8. ^"Luca Maestri".www.apple.com.Apple Inc.Archived from the original on 4 May 2017. Retrieved4 December 2014.
  9. ^"Luca Maestri".Forbes. Archived fromthe original on January 17, 2013. Retrieved4 December 2014.
  10. ^"Apple officially appoints new CFO Luca Maestri as Peter Oppenheimer transitions out".AppleInsider.Archived from the original on 2015-12-10. Retrieved2015-12-09.
  11. ^"Compensation Information for Luca Maestri, Senior Vice President, CFO of Apple".Salary.com.Archived from the original on September 5, 2021. RetrievedSeptember 5, 2021.
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