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 Forstall's position has been replaced by Apple's current executive team.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.
Apple - USE TAG
reading•Xerox CFO heading to Apple to assume controller position
Nov 21•Black Friday 2018 smart home deals: Philips Hue kits, Ecobee thermostats, Echo Sub bundles all available now
Nov 21•iPhone XR photos, and how Portrait Mode works
Nov 21•Walmart Black Friday 2018 deals start tonight: $25 Google Home Mini, $400 65-inch Roku TV and more
Nov 21•10 tips and tricks to master YouTube TV