Apple shares are trading lower after the company announced CFO Luca Maestri will transition from the role on January 1, 2025 and will be succeeded by Kevan Parekh.
Portfolio Pulse from Benzinga Newsdesk
Apple's shares are trading lower following the announcement that CFO Luca Maestri will step down on January 1, 2025, to be succeeded by Kevan Parekh.
August 26, 2024 | 8:31 pm
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Apple's stock is experiencing a decline after the announcement of CFO Luca Maestri's transition, with Kevan Parekh set to succeed him in 2025.
The transition of a CFO can create uncertainty in the market, leading to a short-term negative impact on stock prices. Investors may be concerned about the change in financial leadership and its potential effects on Apple's financial strategy.
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