Apple’s Maestri to Hand Off CFO Job, Move to Smaller Role (2)

Longtime Apple Inc. Chief Financial Officer Luca Maestri will step down from the job at the end of the year, handing the role to top deputy Kevan Parekh after more than a decade.

Parekh, 52, will become CFO on Jan. 1 in what Apple described as a “planned succession.” Maestri, who has been CFO since 2014, will remain at Apple in a reduced position, continuing to oversee information technology and real estate functions, the company said Monday.

The 60-year-old Maestri was a steward of Apple’s finances in the post-Steve Jobs era and a familiar voice on the company’s conference ...