Luca Maestri — picture credit score: Apple
Netherlands automobile agency Stellantis could also be finest identified for purchasing Jeep, Dodge, Ram, and Chrysler, however it says it’s undoubtedly not shopping for ex-Apple CFO Luca Maestri.
Compared, Maestri went out on a excessive as Apple’s Chief Monetary Officer in October 2024. He has been changed there by Kevan Parekh, although reportedly Maestri has simply moved down the corridor at Apple Park and is not going wherever.
Based on CNBC nonetheless, a spokesperson for the Netherlands automobile firm Stellantis has denied that Maestri is taking on. “It is not true,” mentioned the spokesperson.
Reportedly, 2024 noticed its enormous downturn as a result of Stellantis was not updating its automobiles or refreshing its lineups as a lot as rivals have been. Rising prices additionally deterred clients, and high quality management suffered too.
Though Maestri was beforehand rumored, probably with no better motive, when Elkann was recruiting for a CEO for Ferrari round 2021. Ferrari went with a chipmaking veteran, so it is not unknown for somebody with a know-how background to take over a automobile firm.
And having Maestri rumored to take over did make shares in Stellantis rise in preliminary buying and selling. So perhaps Stellantis is now a extra enticing choice for Maestri.
Though in keeping with Mopar Insiders, no matter that’s, ex-CEO Tavares made round $26 million in 2023, together with bonuses. Maestri, in keeping with CFO, made $26.9 million.
Maybe the Netherlands automobile firm has an incredible relocation package deal.
