Apple’s Luca Maestri named most admired CFO

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Everybody loves Luca. Photo: Apple
Everybody loves Luca. Photo: Apple

Luca Maestri controls the purse strings of the most profitable company in the world, so it’s no wonder why he was just named the most admired CFO in the world.

Apple’s money man won nearly one in four votes among top Fortune 500 CFO’s of the world in Model N’s annual rankings. His company announced last week that it made more profits in the last three months than any company in history.

Also among the top three most admired CFOs was Walmart’s Charles Holley with 15 percent of the votes, and Ford’s Bob Shanks with eight percent.

Luca inherited the CFO reigns from long time Apple executive Peter Oppenheimer in June of 2014. Before Luca took over, Tim Cook said “his contributions to Apple have already been significant in his time with us and he has quickly gained respect from his colleagues throughout the company.”

The CFO Revenue Management Study surveyed sales and C-level executives across the country and found that 94 percent of respondents say the CFO is one of the most important positions for companies today. Over half of the respondents cited company performance as the primary reason for nominating the CFO, and with Apple’s stock making a slow climb back to all-time highs, this won’t be the last CFO honor Luca picks up.

Via: MarketWatch