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Former CFO & Head of Corporate Services, Apple
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Luca Maestri (born October 14, 1963) is an Italian-born American business executive best known for his long-standing tenure as the Chief Financial Officer (CFO) of Apple Inc. and his subsequent leadership within the company’s corporate services division. A dual citizen of Italy and the United States, Maestri has built a career spanning more than three decades in global finance and operations, marked by significant strategic contributions at some of the world's largest multinational corporations. Born and raised in Rome, Italy, Maestri pursued his higher education with an international focus. He earned a bachelor’s degree in Economics from Luiss University in Rome in 1987. Following his undergraduate studies, he relocated to the United States to further his academic credentials, obtaining a Master of Science in Management from Boston University in 1991. Maestri’s professional career began at General Motors (GM) in 1988, shortly after completing his bachelor’s degree. He spent twenty years at the automotive giant, entering through a management training program in Zurich, Switzerland. During his extensive tenure at GM, he held increasingly senior finance and operational positions across multiple continents, including roles in the Americas, Asia Pacific, and Europe. Notably, he was part of the team that established GM’s regional operations in Asia Pacific and later served as the CFO for GM’s operations in Europe, where he oversaw financial activities across 45 countries. Following his departure from General Motors, Maestri transitioned to the telecommunications and technology sectors. In 2008, he joined Nokia Siemens Networks as its Chief Financial Officer, a role he held until 2011. He then moved to Xerox Corporation, serving as the company’s executive vice president and CFO from 2011 to 2013. In these positions, he gained significant experience managing investor relations, risk management, tax, audit operations, and mergers and acquisitions. In February 2013, Maestri joined Apple Inc. as the Vice President of Finance and Corporate Controller. His tenure at Apple saw rapid advancement; in May 2014, he was promoted to Senior Vice President and Chief Financial Officer, succeeding Peter Oppenheimer. As CFO, Maestri became a central figure in Apple’s executive leadership team, frequently co-hosting the company’s quarterly earnings calls alongside CEO Tim Cook. Over the course of his decade-long tenure as CFO, Maestri was credited with driving financial discipline, managing Apple's massive capital return program, and navigating the company through a period of significant growth, during which its revenue doubled and its services business expanded more than fivefold. On January 1, 2025, Maestri transitioned out of the CFO role as part of a planned succession, passing the responsibilities to Kevan Parekh. Despite stepping down from the CFO position, Maestri remained with Apple to lead the company’s Corporate Services teams, which encompass information systems and technology, information security, and real estate and development. He continues to report directly to CEO Tim Cook. Maestri resides in Cupertino, California, with his wife and two children. His legacy at Apple is characterized by his role in maintaining the company’s financial stability during a period of unprecedented global expansion, and he is widely regarded as a key architect of the operational strategies that supported Apple’s dominance in the consumer technology market.
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Served as Chief Financial Officer of Apple for over a decade presiding over a historic era of unprecedented revenue growth and margin expansion
Engineered and executed the largest corporate stock buyback program in financial history returning over half a trillion dollars to Apple shareholders
Successfully navigated Apple's massive cash repatriation strategy following the 2017 US corporate tax reform completely restructuring the company's global balance sheet
Navigated immense continuous scrutiny from the European Commission regarding Apple's complex tax arrangements in Ireland which originally resulted in a 13 billion euro retroactive tax bill that Apple fought in the EU courts for years
Routinely faced frustrating questions from Wall Street analysts regarding Apple's massive cash hoard and its perceived lack of massive aggressive acquisitions compared to rivals like Microsoft
In 2019, Luca Maestri was named as a defendant in a securities fraud class-action lawsuit, which alleged that he and other Apple executives failed to be forthcoming with investors regarding declining iPhone demand in China and the impact of the company's 2018 battery replacement program.
Graduated from Luiss University in Rome with a bachelor's degree in Economics in 1987
Began a 20-year career at General Motors in 1988, starting in its management training program in Zurich
Earned a Master of Science in Management from Boston University in 1991
Served as CFO of General Motors do Brasil from 2005 to 2007
Appointed as CFO and Vice President of General Motors Europe in 2007, overseeing operations across 45 countries
Served as Senior Vice President and CFO of Nokia Siemens Networks from 2008 to 2011
Appointed Executive Vice President and CFO of Xerox Corporation in 2011
Joined Apple Inc. as Vice President and Corporate Controller in March 2013
Promoted to Senior Vice President and Chief Financial Officer of Apple in May 2014
Awarded the 'Alumnus LUISS of the Year' by Libera Università Internazionale degli Studi Sociali Guido Carli in 2016
Elected to the Board of Directors of Nestlé in 2022
Transitioned from the role of Apple CFO to lead the company's Corporate Services teams on January 1, 2025
In May 2025, following the Epic Games antitrust litigation, a federal judge found Apple in contempt of court for willfully violating a 2021 injunction. The court's order cited internal documents revealing that Maestri and his finance team advised CEO Tim Cook to pursue an anticompetitive commission structure despite internal objections, leading the judge to refer the case to the U.S. Attorney to investigate potential criminal contempt.
In April 2025, reports identified Maestri as a key figure in internal budget disputes that reportedly hindered Apple's development of artificial intelligence. It was alleged that in 2023, he significantly cut the budget for GPU procurement requested by the company's AI leadership, effectively overriding a plan that had previously been approved by CEO Tim Cook.