New Delhi: Apple Inc has announced the appointment of Kevan Parekh, a seasoned executive with over a decade of experience at the company, as its new Chief Financial Officer (CFO). Parekh will officially assume the role on January 1, 2025, succeeding Luca Maestri, who has played a pivotal role in Apples financial success over the years.Transition in leadershipLuca Maestri, who has significantly contributed to doubling Apples revenue and exponentially growing its service revenue, will continue to oversee the corporate service groups, including real estate and development, information security, and information systems and technology. Maestri will remain a key figure in the company, reporting directly to Apple CEO Tim Cook.Tim Cook expressed strong confidence in Parekhs abilities, stating, Kevan has been an essential part of Apples finance leadership team for over ten years, and he has a deep understanding of the business. He is the ideal candidate to be Apples next CFO because of his keen intellect, sound judgment, and financial acumen.Kevan Parekhs journey at AppleKevan Parekh has been a vital member of Apples finance leadership team since he joined the company over a decade ago. His expertise in financial planning and analysis, investor relations, market research, and general administrative finance has positioned him as a key player within the organization.Parekh began his career at Apple leading the finance teams for engineering, product marketing, and internet sales and services. Prior to joining Apple, he held senior leadership roles at General Motors and Thomson Reuters, bringing with him a wealth of experience in financial management.Educational backgroundKevan Parekh holds an MBA from the University of Chicago and a Bachelor of Science degree from the University of Michigan, credentials that have undoubtedly contributed to his success in the corporate world.As Apple continues to innovate and expand, Parekhs leadership as CFO will be crucial in steering the company towards future growth.
