Apple’s CFO will step down

Apple announced that chief financial officer Luca Maestri will step down from his role at the start of next year. He’ll remain at the company as the head of its corporate services team, leading “information systems and technology, information security, and real estate and development.”

Maestri joined Apple in 2013 after serving as the CFO of Xerox. He became the CFO just one year later, replacing Peter Oppenheimer. CNBC notes that when he took over, Apple’s annual revenue was $183 billion...