Yesterday, while everyone was focused on Apple’s announcement of its iPhone 16 launch on September 9, another very important development took place in the company. This development marked a change in the management of the world’s most valuable company.

Apple, the company’s chief financial officer CFO (Chief Financial Officer) Luca Maestri will leave his position announced. Maestri was CFO for ten years.

Apple’s revenue more than doubles with Maestri at the helm

The famous businessman will not leave the company completely. According to the statement, the company has head of the corporate services team and will take leadership in areas such as “information systems and technology, information security, real estate and development”.

Maestri, 60 years old, in 2013 He came to Apple from Xerox. Just a year later, in 2014, he replaced Peter Oppenheimer as CFO, a role he had held for ten years. Instead, he became a manager in the company’s financial planning and analysis department. Kevan Parekh Let’s just say it will pass. Packageh will now manage the financial affairs of the $3 trillion giant company.

You could say that Maestri has had a successful time at Apple. After all, the company is currently the most valuable company in the world with a market capitalization of $3.45 trillion. Revenues have also grown significantly in ten years. So much so that when he became CFO, annual revenues were $183 billion. If last year It amounted to $383 billion. So in 10 years more than 2x increase happened. Looking at this year, we saw that the company earned $85.8 billion in revenue and $24.2 billion in profit last quarter.

Likewise, the company’s revenue from the services sector has grown more than fivefold since he took over. Apple said Maeistri’s “significant investments and solid financial discipline” made these successes possible.