Apple has announced that Kevan Parekh, who has Indian origins, will become the company’s new Chief Financial Officer (CFO) on January 1, 2025.
Parekh will replace Luca Maestri, who has been a key part of Apple’s leadership for many years.
This change is part of a planned transition as Apple continues to strengthen its leadership team.
Transition Details:
Luca Maestri will step down as CFO on January 1, 2025, but he will remain at Apple in a different role.
He will lead Apple’s Corporate Services teams, including areas like information systems and technology, information security, and real estate and development.
Maestri will continue to report to CEO Tim Cook, ensuring that his expertise remains a vital part of the company.
Kevan Parekh’s Background:
Kevan Parekh has been with Apple for 11 years and currently oversees Financial Planning and Analysis, G&A and Benefits Finance, Investor Relations, and Market Research.
He has a deep understanding of Apple’s financial operations and has played a significant role in the company’s growth.
Before joining Apple, Parekh held senior positions at Thomson Reuters and General Motors, where he gained valuable experience in financial leadership.
Support from Leadership:
Apple’s leadership, including CEO Tim Cook and outgoing CFO Luca Maestri, have expressed strong support for Kevan Parekh.
They have praised his intelligence, sound judgment, and financial expertise, believing he is the right person to take on the CFO role.
Looking Ahead:
As Kevan Parekh steps into his new role as CFO, he will play a crucial part in guiding Apple’s financial strategy.
His leadership will help Apple continue its tradition of innovation and success in a competitive global market.
Parekh’s experience and skills make him well-suited to lead Apple’s financial operations as the company looks to the future.
Conclusion:
The appointment of Kevan Parekh as Apple’s new CFO is a significant move for the company.
With his strong background and support from Apple’s leadership, Parekh is set to lead the company’s financial operations into its next chapter.
