Apple announced that Chief Financial Officer Luca Maestri will be transitioning into a new role effective January 1, 2025. Maestri will continue to lead the Corporate Services teams while Kevan Parekh, Apple’s Vice President of Financial Planning and Analysis will take over the CFO role.

Yahoo Finance senior reporter Alexandra Canal and tech editor Dan Howley report the breaking details.

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This post was written by Stephanie Mikulich.