Luca Maestri

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Luca Maestri
Born (1963-10-14) 14 October 1963 (age 61)
Rome, Italy
Nationality
  • American
  • Italian
Alma mater Luiss University (BEc)
Boston University (MS)
OccupationBusiness executive
Known forFormer chief financial officer of Apple, Inc.
Board member ofApple

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

Contents

Education

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

Career

Before Apple

The first global company where Maestri worked was at General Motors. After that, in 2009, he worked at Nokia Networks and at Xerox as a CFO. [5] [6]

Apple

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 to Kevan Parekh, Maestri heads the corporate services teams, reporting to Apple chief executive Tim Cook. [2]

References

  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. Retrieved 4 December 2014.
  2. 1 2 3 "Apple announces Chief Financial Officer transition". Apple Newsroom. Archived from the original on 2024-08-26. Retrieved 2024-08-26.
  3. ↑ Reuters (27 August 2024). "Apple taps insider Kevan Parekh as CFO, replacing Maestri". reuters.com. Reuters . Retrieved 27 August 2024.
  4. ↑ "Luca Maestri". Nestlé . Archived from the original on 2024-09-13. Retrieved 2024-09-13.
  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 from the original on March 8, 2014. Retrieved 4 December 2014.
  8. ↑ "Luca Maestri". www.apple.com. Apple Inc. Archived from the original on 4 May 2017. Retrieved 4 December 2014.
  9. ↑ "Luca Maestri". Forbes . Archived from the original on January 17, 2013. Retrieved 4 December 2014.
  10. ↑ "Apple officially appoints new CFO Luca Maestri as Peter Oppenheimer transitions out". AppleInsider. Archived from the original on 2015-12-10. Retrieved 2015-12-09.
  11. ↑ "Compensation Information for Luca Maestri, Senior Vice President, CFO of Apple". Salary.com. Archived from the original on September 5, 2021. Retrieved September 5, 2021.
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