APPLE CFO LUCA MAESTRI is the finance chief most admired by fellow professionals, a survey of 300 Fortune 500 CFOs has found.
Apple and Maestri (pictured) have attracted stinging criticism for the company’s tax practices, after it emerged in 2013 that while the business’s corporate structure includes three Ireland-based subsidiaries, they do not appear to by tax-resident anywhere in the world.
Apple has always defended its core tax strategy and boss Tim Cook has always maintained the technology business pays every dollar of US tax it owes.
While Ireland has since moved to close that loophole, in January it was announced the company had made the biggest quarterly profits in history, making $18bn (£118bn) in its fiscal first quarter.
Walmart CFO Charles Holley and Ford CFO Bob Shanks were close runners-up in the survey conducted by Innovate US, while 74% of participants admitted their CFO is not involved in the sales cycle, but should be.
The finance chief of the Daily Mail has been recruited by Rolls-Royce after a management shake-up at the engineering group has resulted in the departure of its chief financial officer
Global mining company Anglo American has appointed Stephen Pearce as finance director, following René Médori's decision to retire
Three former Tesco executives, including the former finance director of Tesco UK, have denied charges of fraud and false accounting in relation to a £326m accounting scandal at the supermarket
The majority of finance bosses want to reach the position of chief executive, according to new research from Robert Half