Who Is Kevan Parekh? Apple Announces Kevan Parekh As New CFO, To Take Charge From January 1

Kevan Parekh has been in Apple for the past 11 years and he currently leads Financial Planning and Analysis, G&A and Benefits Finance, Investor Relations, and Market Research.

The current Chief Financial Officer (CFO), Luca Maestri, will transition from his current role on January 1, 2025.

Source : X/@SusanLiTV, @NikiasMolina

It seems like a lot is going on with Apple. The iPhone maker has recently announced a special event 'It's Glowtime' that will be hosted on September 9 at the Steve Jobs Theater in Apple Park. Now another piece of news about the tech giant has surfaced. Apple has revealed that its Chief Financial Officer (CFO), Luca Maestri, will transition from his current role on the first day of the new year i.e., January 1, 2025. Apple's Vice President of Financial Planning and Analysis, Kevan Parekh, will be his successor and will join the executive team as the new Chief Financial Officer.  

Maestri will maintain his leadership role over the Corporate Services teams, which encompass information systems and technology, information security, and real estate and development. He will continue to report directly to Cook.

Apple longtime CFO Luca Maestri will step down from the job at the end of the year, handing the role to top deputy Kevan Parekh. https://t.co/qVeefu0W2k

— Bloomberg Technology (@technology) August 26, 2024

Apple CEO Tim Cook on Kevan Parekh's promotion said, “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.”

Who Was Kevan Parekh Before Joining Apple?

Kevan Parekh has been in Apple for the past 11 years and he currently leads Financial Planning and Analysis, G&A and Benefits Finance, Investor Relations, and Market Research. If we talk about his education then he is an electrical engineer with a Bachelor’s of Science from the University of Michigan and an MBA from the University of Chicago.

Before this role at Apple, he led Worldwide Sales, Retail, and Marketing Finance. He kicked off his tenure by leading the financial support of Apple’s Product Marketing, Internet Sales and Services, and Engineering teams.

Before joining Apple, he has held several senior leadership roles at Thomson Reuters and General Motors.