Xerox CFO to join Apple as corporate controller

Posted:
in General Discussion edited January 2014
Xerox announced on Friday that its chief financial officer will leave the company and become corporate controller at Apple in February.

The announcement revealed that CFO Luca Maestri plans to join Apple next month, after spending two years with the company. He previously served as CFO at Nokia Siemens Networks for four years.

Controller


Maestri will stay with Xerox through the end of February to help with the transition. The company has started an external search for a new CFO.

Before that, the 48-year-old worked for 20 years at General Motors, where he handled financial operations for the company in a variety of roles across the globe.

Maestri received a bachelor's degree in economics from Luiss University in Rome in 1988, and a master's degree of science from Boston University in 1991. He is also a board member of The Principal Financial Group.

His new role at Apple will place him under the company's current CFO, Peter Oppenheimer, who himself served as controller when he joined Apple in 1996. Oppenheimer now oversees the controller, treasury, investor relations, tax, information services, internal audit, facilities, corporate development and human resources operations of the company.

Comments

  • Reply 1 of 15
    tzterritzterri Posts: 100member
    "after spending to years with the company"

    Proof read anyone?
  • Reply 2 of 15
    tzterri wrote: »
    "after spending to years with the company"

    Proof read anyone?

    Lol beat me two it. Um, I mean...
  • Reply 3 of 15
    Here's Johnny!
  • Reply 4 of 15


    Yes !  Xerox of course.

  • Reply 5 of 15


    In short, ``I'll take a demotion to join Apple.'' Smart person.

  • Reply 6 of 15
    In short, ``I'll take a demotion to join Apple.'' Smart person.

    Indeed he does. I'd take a lower position in order to work for Apple - to some degree.

    edit: thanks for moving the ¡ TS!
  • Reply 7 of 15
    paxmanpaxman Posts: 4,670member
    First - loose the suit. At Apple 'we don't even own suits'.
  • Reply 8 of 15
    quinneyquinney Posts: 2,528member
    CFO-in-waiting?
  • Reply 9 of 15
    quinney wrote: »
    CFO-in-waiting?
    Possibly, at least in title. Oppenheimer has a lot on his plate.
  • Reply 10 of 15


    I wonder if Apple is prepping to expand the offerings of the iTMS?

  • Reply 11 of 15

    Quote:

    Originally Posted by paxman View Post



    First - loose the suit. At Apple 'we don't even own suits'.


    He just needs to lose the tie.  Oppenheimer does own a suit.  When he talks to investors he doesn't wear a black turtleneck.


     


    image

  • Reply 12 of 15


    So what happened to Apple's current corporate controller?  Or is this a new rung on the Apple corporate ladder.

  • Reply 13 of 15
    rayzrayz Posts: 814member
    Counting that mountain of cash is just too big a job for one man.
  • Reply 14 of 15


    alphajack7      Just read the story, Oppenheimer had that title.

  • Reply 15 of 15

    Quote:

    Originally Posted by thegreatbosan View Post


    alphajack7      Just read the story, Oppenheimer had that title.



    It's not in the story.   Look again.


     


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    Maestri will be replacing Betsy Rafael, Apple's corporate controller and principal accounting officer, who had announced retirement in June 2012.

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