More executive changes are happening at Apple as Ternus takes over, with former CFO Luca Maestri moving on from managing the company's Corporate Services.
Luca Maestri was the chief financial officer at Apple under Tim Cook, but switched roles at the end of 2024 to become Vice President of Corporate Services. With Cook out, Maestri has also taken the opportunity to change his portfolio of work.
According to sources of Bloomberg, Maestri left his Corporate Services position in the last few weeks. He has not left the company, however, as he is still on the payroll.
Current CFO Kevan Parekh has now assumed the Corporate Services responsibilities.
It is unclear what his responsibilities now are, if anything, within Apple, beyond hosting a single class. That class is at Apple University, the company's in-house program for educating executives and employees.
The report continues by saying Maestri is winding down his time at Apple, as he prepares for retirement. It is claimed he only comes into the office once a week.
With seemingly no remit, it seems that he won't be reporting to new CEO John Ternus at all until Maestri's eventual departure.
All Change
Maestri isn't the only person near the top of the Apple corporate ladder who has made a recent change.
On Monday, it was reported that Apple Fellow Phil Schiller had also reduced his workload at Apple. His duties in running the App Store and managing product events have been passed on to others, as he takes another step towards retirement.
Apple has also updated its leadership page following the installment of John Ternus as CEO. Changes on that list include an update to Jennifer Newstead's government affairs title change, as well as a rewording of Deirdre O'Brien's autobiography along with Johny Srouji.
