Xerox CFO Leaves for Position as Corporate Controller at Apple

Luca Maestri, executive vice president and chief financial officer at Xerox, is leaving the company on February 28th to assume the role of corporate controller at Apple, according to a press release from the company.

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"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."

Added Maestri, "I came to Xerox with a strong belief in its strategic direction and I leave with even greater confidence in the company's rich opportunity as a leader in outsourcing services and document technology. It's been an incredible learning experience to be part of this major business shift for such a respected brand. I'm proud of our progress, and I know Xerox is on very firm footing for sustainable success."
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Maestri joined Xerox in February 2011 after serving as the CFO of Nokia from 2008. According to Reuters, he made $3.3 million in 2011 at Xerox and will be replacing Betsy Rafael who retired from Apple in October.

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