Analyzing Apple’s CFO Transition: Implications for Future Acquisitions

We’ve been watching shares of apple C F O. Luca Maestri leaving his role on January 1st, the company announcing just minutes ago. Joining us now on the C B C. Newsline is Gil Loria, senior software analyst with D A. Davidson. Gil, it’s good to have you on. I realized that apple is saying in its press release that this is part of a planned succession. We’ve got Kevin Parekh is going to be taking over the CFO spot as well. How meaningful is this to see this change right now, 10 years after Maestri became CFO? It’s early to tell, but the good news is Mr. Maestri will be staying in the role through the end of the year and will be staying with apple leading the corporate services team. So this isn’t a situation where the C F O. Is leaving and we have to ask questions about what they’re leaving behind. Uh, Mister Maestri will be there and will stay within apple. What’s interesting, though, is to ask ourselves, why now? Why do we need a new C F O. In the seed now? What is different about this, the environment that we’re heading into as opposed to the environment we’ve been in? And one possibility is that apple may become a little bit more open to acquisitions going forward. If there’s a change in administration, a change in the approach of the Federal Trade Commission, Apple may be again in a position to make acquisitions which Requires a different skill set from the C F O. That’s speculation, but that’s one possibility of why they would be making the change now.