Apple will soon have a new top-level member in its financial-management team.
Xerox Chief Financial Officer Luca Maestri will leave the company at the end of February to become Apple's corporate controller. Xerox made the announcement today, saying that Maestri was instrumental in strengthening Xerox's "financial foundation."
As Apple's controller, Maestri will likely serve under Apple CFO Peter Oppenheimer. Last summer, Apple announced in an SEC filing that Betsy Rafael would retire in mid-October as the company's corporate controller and principal accounting officer.
Over the last several months, Apple has been hit with some executive upheaval, with the ouster of former senior vice presidents for iOS software and retail, Scott Forstall and John Browett, respectively. Forstall's position has been replaced by Apple's current executive team. It's believed that Apple is currently looking for a replacement for Browett.
reading•Xerox CFO heading to Apple to assume controller position
Jul 18•EU hits Google with record $5 billion fine over Android antitrust practices
Jul 18•New iPhone X screen leaks and Apple gets a Memoji makeover
Jul 18•Phones with facial recognition (roundup)
Jul 18•China's state-owned Telecom company is now storing iCloud data