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Posts tagged with "Apple executives"

Apple Announces CFO Transition→

Apple's Luca Maestri. Source: Apple.

Apple’s Luca Maestri. Source: Apple.

Apple has announced that CFO Luca Maestri will leave that position effective on January 1, 2025, but continue at Apple to lead Corporate Services. Maestri will be replaced by Kevan Parekh, Apple’s Vice President of Financial Planning and Analysis, who has been at Apple for 11 years. Maestri has been Apple’s CFO for a decade.

In a press release issued by Apple, Tim Cook had this to say about Maestri and Parekh:

Luca has been an extraordinary partner in managing Apple for the long term. He has been instrumental in improving and driving the company’s financial performance, engaging with shareholders, and instilling financial discipline across every part of Apple. We’re fortunate that we will continue to benefit from the leadership and insight that have been the hallmark of his tenure at the company.

During his time as CFO, Maestri enabled essential investments and practiced robust financial discipline, which together helped the company more than double its revenue, with services revenue growing more than five times.

More details on Apple’s CFO transition are available in its press release.

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Apple Announces That Dan Riccio Is Moving to a New Role at the Company, and John Ternus Is Stepping in as Senior VP of Hardware Engineering

Apple has announced its senior vice president of Hardware Engineering, Dan Riccio, is leaving that role to work on unspecified projects. Stepping into the gap left by Riccio is John Ternus, who has appeared as a presenter at recent Apple events covering the M1 Macs, for example.

Dan Riccio is leaving his role as senior vice president of Hardware Engineering to work on a new project.

Dan Riccio is leaving his role as senior vice president of Hardware Engineering to work on a new project.

Riccio, who has worked at Apple for 23 years and worked on everything from the first iMac to iPhones, AirPods Max, and M1 Macs, will report directly to Tim Cook, who said:

Every innovation Dan has helped Apple bring to life has made us a better and more innovative company, and we’re thrilled that he’ll continue to be part of the team. John’s deep expertise and wide breadth of experience make him a bold and visionary leader of our Hardware Engineering teams. I want to congratulate them both on these exciting new steps, and I’m looking forward to many more innovations they’ll help bring to the world.

John Ternus is taking over from Dan Ricco as senior vice president of Hardware Engineering.

John Ternus is taking over from Dan Ricco as senior vice president of Hardware Engineering.

Ternus, who succeeds Riccio as senior vice president of Hardware Engineering, joined Apple’s Product Design team in 2001 and has been a vice president of Hardware Engineering since 2013. Past projects Ternus has overseen or led include every iPad, the original AirPods, the iPhone 12 and 12 Pro, and the M1 Macs.

It will be interesting to eventually see what Riccio’s new project is. One possibility is the long-simmering Apple car project, but it could just as easily be an AR/VR product or something else entirely.