Xerox CFO joins Apple as new corporate controller

Summary:Xerox's chief financial officer will leave the printing and digital media giant at the end of February to become Apple's new corporate controller.

Xerox chief financial officer Luca Maestri will leave the company at the end of February to join Apple as the company's new corporate controller.

lucamaestri1453266
Apple's new corporate controller Luca Maestri. Credit: NSN

The printing and digital media giant said that the search for a new chief financial officer is under way, while Maestri remains with the company for the next month and a half to ease the transition.

Maestri joined Xerox in February 2011 after serving in the same role at Nokia Siemens Networks since 2008, reports Reuters.

Apple's new corporate controller will work under the company's own chief financial officer, Peter Oppenheimer, who oversees the company's "controller, treasury, investor relations, tax, information systems, internal audit and facilities functions," according to his Apple biography page.

He will replace Betsy Rafael, who retired from the company in October after serving around five years at Apple.

His new role will task Maestri with developing financial policies as well as tracking income and expenses. He will also assist the company in making investment decisions, which could result in him overseeing the Cupertino, Calif.-based technology giant continue its push for new technology acquisitions.

In a statement issued earlier today, Xerox chairman and chief executive Ursula Burns said: "Luca is a stellar finance executive whose contributions have brought great value to the transformation of Xerox into a services enterprise. He's helped strengthen our financial foundation, which will serve his successor, our company and our shareholders well for the long term."

Burns added that Xerox is still on track to meet its fourth quarter guidance of 24-26 cents per share. Xerox will announce its fourth quarter and 2012 fiscal year earnings on January 24.

Topics: Apple

About

Zack Whittaker writes for ZDNet, CNET, and CBS News. He is based in New York City.

zdnet_core.socialButton.googleLabel Contact Disclosure

Kick off your day with ZDNet's daily email newsletter. It's the freshest tech news and opinion, served hot. Get it.

Related Stories

The best of ZDNet, delivered

You have been successfully signed up. To sign up for more newsletters or to manage your account, visit the Newsletter Subscription Center.
Subscription failed.