Ahead of its iphone 16 series release, Apple announced a major change in its management positions. The company announced that Kevan Parekh will be taking up the position of Luca Maestri, who is currently the CFO of the company. Parekh was the vice president of the Financial Planning and Analysis and will now be joining the office of CFO in January 2025. However, the former CFO Luca Maestri will now take up new roles within Apple, focusing on Corporate Services, including information systems and technology, real estate and development, and more.
Tim Cook, Apple’s CEO, mentioned that “Parekh possesses the sharp intellect, wise judgment, and financial expertise necessary for the CFO role,” clearly stating the trust and confidence in Kevan Parekh.
Parekh’s promotion to CFO marks the pinnacle of his 11-year journey at Apple, where he has become a key figure within the finance leadership team. During his tenure, he has overseen Financial Planning and Analysis, G&A and Benefits Finance, Investor Relations, and Market Research. Further, Parekh led finance for Apple’s Worldwide Sales, Retail, and Marketing, demonstrating his extensive knowledge of the company’s diverse business operations.
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Tim Cook further added, “For more than a decade, Kevan has been an indispensable member of Apple’s finance leadership team, and he understands the company inside and out. His sharp intellect, wise judgment, and financial brilliance make him the perfect choice to be Apple’s next CFO.”
Before becoming a part of Apple, Kevan Parekh held various senior leadership roles at Thomson Reuters and General Motors. At Thomson Reuters, he advanced from Vice President of Finance to Corporate Treasurer, honing his strategic financial expertise.
