Apple to Replace CFO Luca Maestri on Jan. 1
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Re: Apple to Replace CFO Luca Maestri on Jan. 1
#2The company seems to be doing well, but he’s getting the boot. What did he do?
Re: Apple to Replace CFO Luca Maestri on Jan. 1
#3The company seems to be doing well, but he’s getting the boot. What did he do?
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Re: Apple to Replace CFO Luca Maestri on Jan. 1
#4Dear god don’t put a finance guy in charge of security.
Re: Apple to Replace CFO Luca Maestri on Jan. 1
#5Dear god don’t put a finance guy in charge of security.
Don't put finance people in any place but finance! Of course, we do have an ex-beancounter as the CEO, but that's an exception to the rule.
Re: Apple to Replace CFO Luca Maestri on Jan. 1
#6The company seems to be doing well, but he’s getting the boot. What did he do?
Given he's sticking around per the article to lead some teams, I expect what he did was "expressed an interest in retiring" and they're trying to create a path to ease concern: "Maestri will continue to lead teams focusing on IT, security and real estate development, Apple said."
Re: Apple to Replace CFO Luca Maestri on Jan. 1
#7Tim Cook today:
> Luca has been an extraordinary partner in managing Apple for the long term. He has been instrumental in improving and driving the company’s financial performance, engaging with shareholders, and instilling financial discipline across every part of Apple.
> We’re fortunate that we will continue to benefit from the leadership and insight that have been the hallmark of his tenure at the company.
Maestri in 2022:
> We run the company very lean. I tell my guys in finance, I don't want you guys to ever benchmark anybody else because you can only get bad ideas.
from (video): https://x.com/thomasg_grizzle/status/1586678648731467778
Seems like a great guy. I suspect he just wants to ease into retirement slowly.
Re: Apple to Replace CFO Luca Maestri on Jan. 1
#8Dear god don’t put a finance guy in charge of security.
Given the phrasing was "continue to lead", I think he was already there.
Re: Apple to Replace CFO Luca Maestri on Jan. 1
#9Tim Cook today: > Luca has been an extraordinary partner in managing Apple for the long term. He has been instrumental in improving and driving the company’s financial performance, engaging with shareholders, and instilling financial discipline across every part of Apple. > We’re fortunate that we will continue to benefit from the leadership and insight that have been the hallmark of his tenure at the company. Maestr…
Agreed - this is very clearly someone wanting less workload, and the company wanting to keep them around. It's also not a rush. This gives four months for a smooth transition.
Re: Apple to Replace CFO Luca Maestri on Jan. 1
#10[deleted]