Apple has announced that its Chief Financial Officer, Luca Maestri, will step down from his role on January 1, 2025, and will be succeeded by Kevan Parekh, currently Vice President of Financial Planning and Analysis. Maestri, who has been CFO since 2014, will continue to oversee corporate services including information systems, technology, and real estate. Parekh has been with Apple for 11 years and has extensive experience in financial planning, investor relations, and market research. Tim Cook praised Parekh's sharp intellect, wise judgment, and financial brilliance, stating he is the perfect choice for the role. Maestri's tenure saw Apple's revenue more than double, with significant growth in its services sector.