Luca Maestri
{{short description|Italian-American business executive}}
{{Infobox person
| name = Luca Maestri
| image =
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| birth_name =
| birth_date = {{birth date and age|1963|10|14|df=y}}
| birth_place = Rome, Italy
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| nationality = {{hlist |American |Italian}}
| alma_mater = Luiss University (BEc)
Boston University (MS)
| occupation = Business executive
| known_for = Former chief financial officer of Apple, Inc.
| boards = Apple
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Luca Maestri (born 14 October 1963) is an Italian-born American business executive. He was the chief financial officer (CFO) of Apple Inc. until the end of 2024.{{cite web | url=http://appleinsider.com/articles/14/06/02/new-apple-cfo-luca-maestris-official-profile-lands-on-executive-leadership-webpage | title=New Apple CFO Luca Maestri's official profile lands on executive leadership webpage | publisher=Quiller Media, Inc | website=www.appleinsider.com | access-date=4 December 2014 | archive-date=14 December 2014 | archive-url=https://web.archive.org/web/20141214192134/http://appleinsider.com/articles/14/06/02/new-apple-cfo-luca-maestris-official-profile-lands-on-executive-leadership-webpage | url-status=live }}{{cite news|url=https://www.reuters.com/technology/apple-finance-chief-luca-maestri-step-down-2024-08-26/|title=Apple taps insider Kevan Parekh as CFO, replacing Maestri|author=((Reuters))|website=reuters.com|publisher=Reuters|date=27 August 2024|accessdate=27 August 2024}} Since 2025, he leads the Corporate Services teams at Apple.
Education
Maestri has a bachelor's degree in economics from Luiss University in Rome, Italy, in 1987 and a Master of Science in management from Boston University in 1991.{{Cite web |title=Luca Maestri |url=https://www.nestle.com/investors/corporate-governance/management/board-directors/luca-maestri |archive-url=https://archive.today/20240913150022/https://www.nestle.com/investors/corporate-governance/management/board-directors/luca-maestri |archive-date=2024-09-13 |access-date=2024-09-13 |website=Nestlé}}
Career
= Before Apple =
The first global company where Maestri worked was at General Motors. After that, in 2009, he worked at Nokia Networks and at Xerox as a CFO.{{Cite news |last=Chasan |first=Emily |date=March 4, 2014 |title=Luca Maestri's Route To Apple CFO |url=https://www.wsj.com/articles/BL-CFOB-5364 |work=The Wall Street Journal}}{{Cite news |url=https://www.reuters.com/article/2013/01/11/xerox-cfo-idUSL4N0AG60W20130111/ |title=Xerox CFO leaving to join Apple |date=January 11, 2013 |publisher=Reuters}}
= Apple =
In 2014, after working at Apple Inc. as vice president of finance and corporate controller, he was appointed the position of CFO.{{cite web | url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=50035778&ticker=XRX | archive-url=https://web.archive.org/web/20140308042129/http://investing.businessweek.com/research/stocks/people/person.asp?personId=50035778&ticker=XRX | url-status=dead | archive-date=March 8, 2014 | title=Luca Maestri |website=www.bloomberg.com|publisher=Bloomberg Businessweek| access-date=4 December 2014}}{{cite web | url=https://www.apple.com/pr/bios/luca-maestri.html | title=Luca Maestri | publisher=Apple Inc. | website=www.apple.com | access-date=4 December 2014 | archive-date=4 May 2017 | archive-url=https://web.archive.org/web/20170504210908/https://www.apple.com/pr/bios/luca-maestri.html | url-status=live }}{{cite web | url=https://www.forbes.com/profile/luca-maestri/ | archive-url=https://web.archive.org/web/20130117172246/http://www.forbes.com/profile/luca-maestri/ | url-status=dead | archive-date=January 17, 2013 | title=Luca Maestri | work=Forbes | access-date=4 December 2014}} Along with being the chief financial officer he will also assume the responsibility of principal accounting officer. Upon being appointed CFO, he was issued 6,337 restricted stock units (currently worth approximately $4 million). Maestri's official salary is $1 million but he is eligible for Apple's performance-based cash bonus program which increases his salary. In 2014, he took in a salary of $14 million and in 2015, he took in a salary of $25.3 million.{{Cite web|title = Apple officially appoints new CFO Luca Maestri as Peter Oppenheimer transitions out|url = http://appleinsider.com/articles/14/05/30/apple-officially-appoints-new-cfo-luca-maestri-as-part-of-transition-plan|website = AppleInsider|access-date = 2015-12-09|language = en-US|archive-date = 2015-12-10|archive-url = https://web.archive.org/web/20151210212651/http://appleinsider.com/articles/14/05/30/apple-officially-appoints-new-cfo-luca-maestri-as-part-of-transition-plan|url-status = live}} Based on SEC filings, from 2018 to 2020, Maestri's average compensation was $26 million.{{Cite web|title=Compensation Information for Luca Maestri, Senior Vice President, CFO of Apple|url=https://www.salary.com/tools/executive-compensation-calculator/luca-maestri-salary-bonus-stock-options-for-apple-inc?year=2020|access-date=September 5, 2021|website=Salary.com|archive-date=September 5, 2021|archive-url=https://web.archive.org/web/20210905205506/https://www.salary.com/tools/executive-compensation-calculator/luca-maestri-salary-bonus-stock-options-for-apple-inc?year=2020|url-status=live}} Maestri stepped down as CFO at the end of 2024.{{Cite web |title=Apple announces Chief Financial Officer transition |url=https://www.apple.com/newsroom/2024/08/apple-announces-chief-financial-officer-transition/?1724704242 |access-date=2024-08-26 |website=Apple Newsroom |language=en-US |archive-date=2024-08-26 |archive-url=https://web.archive.org/web/20240826211007/https://www.apple.com/newsroom/2024/08/apple-announces-chief-financial-officer-transition/?1724704242 |url-status=live }}
After relinquishing the CFO role to Kevan Parekh, Maestri heads the Corporate Services teams, reporting to Apple CEO Tim Cook.
References
{{Reflist}}
{{Apple}}
{{Authority control}}
{{DEFAULTSORT:Maestri, Luca}}
Category:Apple Inc. executives
Category:General Motors executives
Category:Businesspeople from Rome
Category:Italian corporate directors
Category:Italian expatriates in the United States
Category:Libera Università Internazionale degli Studi Sociali Guido Carli alumni
Category:21st-century Italian businesspeople
Category:Boston University School of Management alumni
Category:Chief financial officers
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