Apple announced last year that the companys CFO Luca Maestri would move to a new role in 2025. As promised, the company has now issued a report to investors making Maestris transition from CFO official.Luca Maestri steps down as Apples CFOThe company published a Form 8-K on Friday, which is used to notify investors in the United States about events that may be important to shareholders, confirming the change in the change of CFO.As part of Apple Inc.s (Apples) previously announced Chief Financial Officer transition plan, Apples Board of Directors appointed Kevan Parekh, 53, as Apples Senior Vice President, Chief Financial Officer, effective January 1, 2025. Mr. Parekh succeeds Luca Maestri in the role of CFO, the document reads.Luca Maestri was appointed Apples CFO in 2014 and has overseen a period of enormous growth for the company. Apples new CFO is Kevin Parekh, who has been with the company for 11 years and currently leads Financial Planning and Analysis, G&A and Benefits Finance, Investor Relations, and Market Research.Mr. Parekh joined Apple in June 2013 and assumed his current position in January 2025. Mr. Parekhs previous positions at Apple include Vice President, Financial Planning and Analysis and Vice President, Finance for Sales, Marketing, and Retail. Prior to joining Apple, Mr. Parekh held various senior leadership roles at Thomson Reuters and General Motors, the company adds.According to Apple, Parekhs salary has been increased to $1 million since January 1, 2025, and hes now eligible to participate in the Apple Inc. Executive Cash Incentive Plan for fiscal year 2025.In October, Apple CEO Tim Cook honored Maestri during his last call with investors as Apples CFO. Cook said he was deeply grateful for Maestris exceptional work in shaping Apple as we know it today. In response, Luca Maestri thanked Cook for his very kind words and said that serving as Apples CFO was a real privilege and an amazing journey.Ive greatly appreciated the support from our investors and the analyst community over the years. Kevin is exceptional and I know you will enjoy interacting with him going forward.Maestri will continue tolead the Corporate Services teams, including information systems and technology, information security, and real estate and developmentAdd 9to5Mac to your Google News feed. FTC: We use income earning auto affiliate links. More.Youre reading 9to5Mac experts who break news about Apple and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Mac on Twitter, Facebook, and LinkedIn to stay in the loop. Dont know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel