Xerox (XRX) CFO Maestri Will Become Corp. Controller at Apple (AAPL)
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Financial Fact:
Research, development and engineering expenses: 126M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Xerox (NYSE: XRX) today announced that Luca Maestri, executive vice president and chief financial officer, is leaving the company, effective February 28, to assume the role of corporate controller at Apple (Nasdaq: AAPL).
"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."
Burns noted that the company has initiated an external search for a new CFO, and that Maestri will be with Xerox through the end of February to help manage the financial leadership transition. She added that the company remains on track to meet its fourth-quarter guidance, which include GAAP earnings per share of 24 to 26 cents or adjusted earnings per share of 28 to 30 cents. Xerox will announce its fourth-quarter and full-year 2012 earnings on January 24.
"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."
Burns noted that the company has initiated an external search for a new CFO, and that Maestri will be with Xerox through the end of February to help manage the financial leadership transition. She added that the company remains on track to meet its fourth-quarter guidance, which include GAAP earnings per share of 24 to 26 cents or adjusted earnings per share of 28 to 30 cents. Xerox will announce its fourth-quarter and full-year 2012 earnings on January 24.
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