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Comment on Apple to Replace CFO Luca Maestri on Jan. 1

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Tim Cook today:

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.

Maestri in 2022:

We run the company very lean. I tell my guys in finance, I don't want you guys to ever benchmark anybody else because you can only get bad ideas.

from (video): https://x.com/thomasg_grizzle/status/1586678648731467778

Seems like a great guy. I suspect he just wants to ease into retirement slowly.

Agreed - this is very clearly someone wanting less workload, and the company wanting to keep them around. It's also not a rush. This gives four months for a smooth transition.

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