Apple has announced a significant leadership transition, with Luca Maestri stepping down as Chief Financial Officer (CFO).
Maestri will shift his focus to leading Apple's Corporate Services teams.
Taking over as CFO will be Indian-origin Kevan Parekh.
Apple has announced a significant leadership transition, with Luca Maestri stepping down as Chief Financial Officer (CFO) effective January 1, 2025. Maestri will shift his focus to leading Apple’s Corporate Services teams, including information systems and technology, information security, and real estate and development, all while reporting directly to CEO Tim Cook. Taking over as CFO will be Kevan Parekh, currently Apple’s Vice President of Financial Planning and Analysis.
Who is Kevan Parekh?
Kevan Parekh, an Indian-origin executive, is set to step into the role of CFO, marking a pivotal moment in Apple’s financial leadership. With over a decade of service at Apple, Parekh has been a cornerstone of the company’s finance leadership. His tenure has seen him overseeing Financial Planning and Analysis, G&A and Benefits Finance, Investor Relations, and Market Research. Parekh’s extensive experience at Apple also includes leading Worldwide Sales, Retail, and Marketing Finance, and supporting Apple’s Product Marketing, Internet Sales and Services, and Engineering teams.
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Before joining Apple, Parekh accumulated significant global experience in senior roles at Thomson Reuters and General Motors. Parekh is an electrical engineer with a Bachelor’s of Science from the University of Michigan and an MBA from the University of Chicago.
Tim Cook, Apple’s CEO, expressed confidence in Parekh’s abilities, describing him as a “perfect choice” for the CFO role due to his deep understanding of the company and his exceptional financial skills.
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“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,” Cook said.
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Ayushi Jain
Tech news writer by day, BGMI player by night. Combining my passion for tech and gaming to bring you the latest in both worlds. View Full Profile
