Exciting: Apple Appoints Indian-Origin Exec Kevan Parekh as New CFO 2025 : Who Is He?
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New Delhi: Apple has announced the promotion of Indian-origin executive Kevan Parekh to the role of Chief Financial Officer (CFO), effective January 2025. Parekh will succeed Luca Maestri, who has been Apple’s CFO since 2014. This leadership change signals a strategic shift in Apple’s financial direction.
Who Is Kevan Parekh?
Kevan Parekh has been a part of the company for 11 years, currently serving as Vice President of Financial Planning and Analysis. His responsibilities include overseeing General and Administrative (G&A) and Benefits Finance, Investor Relations, and Market Research. Previously, he led Worldwide Sales, Retail, and Marketing Finance, and began his journey at Apple by supporting Product Marketing, Internet Sales and Services, and Engineering teams.
Before his tenure at the company, Parekh built a successful career at Thomson Reuters and General Motors, holding various senior leadership roles. He holds a Bachelor’s in Electrical Engineering from the University of Michigan and an MBA from the University of Chicago.
A Planned Succession
Apple’s CEO, Tim Cook, has expressed strong confidence in Parekh’s abilities, describing him as an “indispensable member” of company’s finance leadership team. Cook highlighted Parekh’s “sharp intellect, wise judgment, and financial brilliance” as key factors in his selection as the next CFO.
Luca Maestri, the outgoing CFO, will continue to lead Apple’s Corporate Services teams. He praised Parekh as “truly exceptional,” noting his deep understanding of the leadership, judgment, and values needed for the CFO role.
This transition marks a significant moment for the company as Parekh steps into this critical leadership position.
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