Apple $AAPL has named a new Chief Financial Officer. The tech giant announced on Monday that CFO Luca Maestri, who has held the position since 2014, will be replaced on January 1 by Kevan Parekh, who is currently the company’s Vice President of Financial Planning and Analysis. During Maestri’s tenure, the company more than doubled its annual sales and net profit, and increased its gross margin. Apple’s shares have risen by more than 800% since Maestri became CFO.