Apple Inc. has announced a significant leadership change, with Kevan Parekh set to become the companyās Chief Financial Officer starting Jan. 1, 2025. Parekh, who has been an active figure in Apple's finance team for over a decade, will succeed Luca Maestri, who is stepping down at the end of this year.
In a blog post on Appleās official website, Chief Executive Officer Tim Cook praised Parekhās extensive experience and deep understanding of the company. āFor more than a decade, Kevan has been an indispensable member of Appleās finance leadership team, and he understands the company inside and out. His sharp intellect, wise judgement, and financial brilliance make him the perfect choice to be Appleās next CFO," Cook said.
The company's blog post also said that the role transformation is part of a "planned succession." Kevan Parekh, Appleās Vice President of Financial Planning and Analysis, will become Chief Financial Officer and join the executive team.
Kevan Parekh To Replace Luca Maestri As Apple CFO
Kevan Parekh's Background
At 52, Parekhās appointment marks a significant milestone in his 11-year tenure at Apple. He joined the tech giant around the same time as Maestri and has since been involved in overseeing financial planning, investor relations, and market research functions. Parekhās role expanded late last year when Maestriās other top deputy, Saori Casey, departed to become CFO at Sonos Inc.
An active background in finance and business development marked Parekh's journey to become Apple's CFO. He joined Apple in 2013 after four years with Thomson Reuters, where he held key roles, including Vice President of Finance and Corporate Treasurer. Prior to his time at Reuters, Parekh worked at General Motors, where he served as Director of Business Development in New York and Regional Treasurer in Zurich.
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Educational Background
Parekh, an electrical engineer by training, is a product of academic and professional expertise. He earned a Bachelor of Science degree from the University of Michigan and an MBA from the University of Chicago. His diverse career path has equipped him with a unique blend of technical acumen and financial expertise.
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