New Apple CFO Luca Maestri's official profile lands on executive leadership webpage

Posted:
in General Discussion edited May 2015
After being officially appointed as Apple's chief financial officer in an SEC filing last week, Luca Maestri's personal profile and corresponding headshot is now up on the company's executive leadership webpage.



The addition of Maestri to Apple's leadership roster comes three days after a filing with the U.S. Securities and Exchange Commission officially confirmed the new CFO's position last Friday. The profile was uploaded in a change to Apple's website on Monday.

According to his profile, Maestri will report directly to CEO Tim Cook on issues related to "accounting, business support, financial planning and analysis, treasury, mergers and acquisitions, investor relations, internal audit and tax functions." As Apple notes, Maestri will continue to serve as the company's principal accounting officer alongside his new duties as CFO.

From the bio:
Luca has over 25 years of experience building and leading finance teams in global companies with significant operating scale and complexity. Prior to joining Apple, Luca was CFO at Xerox and previously at Nokia Siemens Networks. He began his career with General Motors and spent 20 years in finance and operating roles in the Americas, Asia Pacific and Europe. While at GM, Luca was part of the team that established GM's regional Asia Pacific operations, including manufacturing investments in China and Thailand. He later became CFO for all of GM's operations in Europe, which spanned over 45 countries with annual net revenue of approximately $40 billion.
The SVP and CFO joined Apple as vice president of Finance and corporate controller in 2013. With his new duties, Maestri takes the reins from Apple CFO Peter Oppenheimer, who is expected to stay on until the transition period is completed sometime in September.

In a separate SEC document last week, it was revealed that Maestri is to be paid an annual salary of $1 million and is now eligible for Apple's performance-based cash bonus program. In addition, the company's board of directors awarded the CFO 6,337 restricted stock units currently worth some $4 million.

Maestri's new role was first reported in March when Apple announced Oppenheimer's departure.

Comments

  • Reply 1 of 8
    phone-ui-guyphone-ui-guy Posts: 1,019member

    That is a big $mile if I have ever seen one. :)

  • Reply 2 of 8
    macxpressmacxpress Posts: 5,801member
    Quote:

    Originally Posted by Phone-UI-Guy View Post

     

    That is a big $mile if I have ever seen one. :)


     

    I would smile too if I had a $1 Million salary. Sure, its not at much as everyone else, but its a start and I'm sure as he succeeds, he'll be very well rewarded. 

  • Reply 3 of 8
    freshmakerfreshmaker Posts: 532member

    Every time I see his name I read it as Luca Brasi <img class=" src="http://forums-files.appleinsider.com/images/smilies//lol.gif" />

  • Reply 4 of 8
    Is it just me or does he look like Beavis' dad?
  • Reply 5 of 8
    slurpyslurpy Posts: 5,382member
    He certainly deserves his salary if he does his job well. Especially if his policies and suggestions are the ones that restored the stock price, which added many billions of $$ of value to Apple's market cap.
  • Reply 6 of 8
    thornwaldthornwald Posts: 11member
    I sure do like his shirt.
  • Reply 7 of 8
    sanjaybsanjayb Posts: 7member

    Any idea what brand shirt that is?

  • Reply 8 of 8
    MarvinMarvin Posts: 15,309moderator
    sanjayb wrote: »
    Any idea what brand shirt that is?

    If you take a picture of it with your iPhone, it'll pair it and tell you what shirt it is.

    Clothing manufacturers should consider doing that if they haven't. Put some invisible code into the ink or fabric that can be detected by a camera (IR camera?) so that if you see some clothing you like, you can find out where to get it. Customers might not like other people knowing how much they paid for their clothes though.

    There are a few apps already but these can only match known clothing lines:

    https://www.asap54.com
    https://itunes.apple.com/us/app/style-thief/id741521998?mt=8
    https://www.snapfashion.co.uk/snap

    These ones are close:
    http://savilerowco.com/navy-blue-printed-extra-slim-fit-shirt-763nav
    http://www.julesb.co.uk/hugo-boss-black-mason-printed-shirt-p794245
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