AP News

Xerox CFO is leaving to join Apple


NORWALK, Conn. (AP) — The chief financial officer of Xerox is leaving the company next month to become Apple Inc.'s corporate controller.

Xerox Corp. said Friday that the resignation of Luca Maestri, who also serves as executive vice president, is effective on Feb. 28.

The printer and copier maker credited the 48-year-old Maestri with helping expand its business services.

Xerox has already started looking for his replacement.

The company also said Friday that it's still on track to meet its fourth-quarter outlook for adjusted earnings between 28 cents and 30 cents per share.

Analysts polled by FactSet predict earnings of 29 cents per share.

Xerox, which is based in Norwalk, Conn., will report its fourth-quarter and full-year financial results on Jan. 24.

Shares added 11 cents to $7.40 in premarket trading Friday.


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