Luca Maestri


'Luca Maestri' Articles

Apple CFO Luca Maestri Auctions Lunch and Apple HQ Tour for Charity

Apple CFO Luca Maestri is teaming up with auction site Charitybuzz to offer Apple fans the opportunity to bid on lunch with Maestri and a tour of the Apple headquarters in Cupertino, California. Maestri will have lunch with two people at the Apple Park campus, with the proceeds from the auction benefitting the Andrea Bocelli Foundation. The lunch, which also comes with a tour with an Apple employee, will last for approximately one hour. Luca Maestri is a senior vice president at Apple and the company's chief financial officer, reporting directly to Tim Cook. He oversees Apple's accounting, business support, financial planning and analysis, treasury, M&A, investor relations, internal audits, and tax functions at Apple. The Andrea Bocelli Foundation's goal is to empower people and communities in situations of poverty, illiteracy, distress due to illness, and social exclusion by promoting and supporting national and international projects that aim to overcome these barriers. The current bid on the lunch with Maestri is at $10,500, and its estimated value is $50,000. The auction will end on December 5 at 2:00 p.m. Eastern Time. Apple CEO ‌Tim Cook‌ in past years has also done charity lunches facilitated by Charitybuzz to earn money for the Robert F. Kennedy Center for Justice and Human Rights, but the last one was held in 2017. That auction earned

Transcript: Here's Everything Tim Cook Said About Apple's Impressive June Quarter Today

Apple today reported revenue of $45.4 billion and net quarterly profit of $8.7 billion, or $1.67 per diluted share, in its fiscal third quarter ended June 24. Apple CEO Tim Cook and CFO Luca Maestri discussed the results on a conference call today. MacRumors has prepared a complete transcript of the call ahead. Tim Cook Good afternoon, and thanks everyone for joining us. Today, we're proud to announce very strong results for our fiscal third quarter, with unit and revenue growth in all of our product categories. We'll review our financial performance in detail, and I'd also like to talk about some of the major announcements we made in June at our Worldwide Developers Conference. It was our biggest and best WWDC ever, and the advancements we introduced across hardware, software, and services will help us delight our customers, and extend our competitive lead this fall, and well into the future. For the quarter, total revenue was at the high end of our guidance range at $45.4 billion. That's an increase of 7 percent over last year, so our growth rate has accelerated in three consecutive quarters this fiscal year. Gross margin was also at the high end of our guidance, and we generated a 17 percent increase in earnings per share. iPhone results were impressive, with especially strong demand at the high end of our lineup. iPhone 7 was our most popular iPhone, and sales of iPhone 7 Plus were up dramatically compared to 6s Plus in the June quarter of last year. The combined iPhone 7 and 7 Plus family was up strong double digits year over year. One decade after the

Apple CFO Luca Maestri to Speak at 2017 Goldman Sachs Technology and Internet Conference Tomorrow

Apple CFO Luca Maestri will speak at the Goldman Sachs Technology and Internet Conference tomorrow afternoon, according to Apple's investor news site. Maestri will speak at 1:20 p.m. Pacific Time, and Apple will provide an audio webcast of the session. The Technology and Internet Conference is hosted by Goldman Sachs each year, and while Tim Cook has attended the event multiple times in the past, it will be Maestri's first time speaking at the event. As CFO, Maestri may be asked about Apple's impressive iPhone sales and return to revenue growth last quarter. Other topics could include Apple's capital return program, overseas cash, growth in emerging markets, and other finance-related topics. No major announcements have been made at the conference in the past, but Maestri's comments may offer an interesting look into Apple's business. MacRumors plans to provide coverage of the event and will share details on what Maestri has to

New Apple CFO Luca Maestri Appears on Apple Leadership Page

New Apple CFO Luca Maestri's profile has appeared on the company's executive page just a couple days after officially being named CFO, succeeding longtime CFO Peter Oppenheimer. Luca Maestri is Apple’s senior vice president and Chief Financial Officer reporting to CEO Tim Cook. As CFO, Luca oversees the accounting, business support, financial planning and analysis, treasury, M&A, investor relations, internal audit and tax functions at Apple. Luca joined Apple in 2013 as vice president of Finance and corporate controller, and has worked closely with Apple's senior leadership since his arrival.Apple announced the transition in early March. Oppenheimer will stay on through the summer, transitioning the balance of his responsibilities to Maestri until he officially retires in September. Before joining Apple in 2013, Maestri was CFO at both Xerox and Nokia Siemens Networks. His 25 year career saw him with leadership roles at General Motors at multiple locations throughout the world, including South America, Europe and Asia

Apple's New Corporate Controller Luca Maestri Receives Stock Rights Worth $15 Million

Former Xerox CFO Luca Maestri officially joined Apple as Corporate Controller in late February and a filing with the U.S. Securities and Exchange Commission published earlier today reveals that he received 38,091 restricted stock units (RSUs) in March of this year. As with most RSUs handed out by Apple, these carry staggered vesting dates with 1/8 of the total number of units converting to actual shares every six months over a four year period. Apple's restricted stock grants are often issued as incentives to stay with the company because the shares vest over time and require employees to remain employed through each vesting date. At Apple's current stock price, Maestri's RSUs are worth approximately $15 million, but that total will shift depending on the stock price at the time that the shares vest. In his role as Corporate Controller, Maestri works directly under Apple senior vice president and Chief Financial Officer Peter Oppenheimer. Before serving as CFO at Xerox, Maestri formerly worked at Nokia Siemens Networks and

Xerox CFO Luca Maestri Joining Apple as Corporate Controller

Xerox today announced that Chief Financial Officer Luca Maestri is leaving the company to take the position of Corporate Controller at Apple. The move will be effective February 28."Luca is a stellar finance executive whose contributions have brought great value to the transformation of Xerox into a services enterprise,” said Ursula Burns, Xerox chairman and chief executive officer. "He's helped strengthen our financial foundation, which will serve his successor, our company and our shareholders well for the long term." At Apple, Maestri will succeed Betsy Rafael, who retired last October. Rafael had served as Corporate Controller and Principal Accounting Officer, and the role of Principal Accounting Officer shifted to Chief Financial Officer Peter Oppenheimer upon her