Apple’s Former CFO Maestri Drops Role Running Corporate Services

With John Ternus beginning his role as Apple Inc. chief executive officer this week, another mainstay from the Tim Cook era is dropping his late-career responsibilities.

Luca Maestri, who stepped down as chief financial officer at the end of 2024, had remained at Apple as a vice president in charge of corporate services, an area that includes information systems and technology, information security, and corporate real estate.

In recent weeks, Maestri left that job, according to people with knowledge of the matter. He remains on the company’s payroll without responsibilities — other than hosting a popular class at Apple University, an in-house program for teaching Apple’s ways to rising executives and employees.

Bloomberg News reported on Sunday that Maestri is winding down his time at Apple and is known to come into the office about once a week. Maestri had reported to Cook, the previous CEO, until recently, but he’s not reporting to Ternus. A spokesperson for Apple didn’t respond to a request for comment.

Read More: Apple’s New CEO Will Need to Soon Overhaul His Management Team

Separately, Apple is hosting an event Tuesday for employees at its headquarters in Cupertino, California, to introduce Ternus as its new CEO and celebrate Cook.

Maestri’s corporate services responsibilities have been assumed by Kevan Parekh, who succeeded Maestri as CFO. Apple made the disclosure about Parekh’s expanded responsibilities on its website Tuesday, when it updated its management biographies page to note Ternus as CEO.

Parekh, Chief Operating Officer Sabih Khan and services head Eddy Cue are taking larger and more influential roles under Ternus, Bloomberg News reported on Sunday.

Read More: Apple’s Phil Schiller Steps Down from Running App Store, Product Events

Phil Schiller, a former marketing chief who became an Apple Fellow in charge of the App Store, is also stepping down from his reduced role. Cue is taking over the App Store and Apple Arcade, and Schiller’s other responsibility of leading events is now in the hands of the communications department.

Apple’s new leadership page also excludes Adrian Perica, the company’s head of mergers and acquisitions. It remains unclear where he will shift within Apple. Bloomberg reported on Sunday that he would likely be dropped by Ternus as a direct report and could split his responsibilities across Apple’s services and finance teams.

During his tenure, Cook made it a priority to retain departing executives in smaller roles, often for years. While it is early, people in and around Apple believe that Ternus may be less likely to continue using this approach.