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Apple's CFO Steps Down Following a 10-Year Run

Apple announced that CFO Luca Maestri will step down at the start of next year, transitioning to head of its corporate services team to lead "information systems and technology, information security, and real estate and development." Kevan Parekh will take over as CFO. The Verge reports: Maestri j...

It also reported an increase in revenue from its services business of 14 percent, even as sales of iPhones and iPads were down from the previous year. Kevan Parekh, Apple's vice president of financial planning and analysis, will take Maestri's place managing the finances of the now $3 trillion company. Parekh has been at Apple for 11 years and previously worked in senior leadership positions at Thomson Reuters and General Motors.

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