Xerox CFO Departing for Apple

Apple is copying some top talent from Xerox. The multinational document management corporation is losing one of its executives to the Cupertino, California-based Mac maker.

Reuters confirmed Friday that Xerox Chief Financial Officer Luca Maestri will become Apple’s new corporate controller. Maestri will stay on with Xerox through February to assist in the transitional effort.

Xerox says it has already “started an external search for a new CFO.”

Maestri joined Xerox in early 2011 after serving as chief financial officer at Nokia Siemens Networks since 2008.

At Apple, Maestri – a 1988 graduate from Luiss University in Rome – will report directly to Apple CFO Peter Oppenheimer.

“Luca is a stellar finance executive whose contributions have brought great value to the transformation of Xerox into a services enterprise,” Xerox CEO Ursula Burns said this week.

Apple’s former corporate controller, Betsey Rafael, retired in October.

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