Tuesday, 05 November 2024
Tuesday, 05 November 2024
Kevan Parekh to take over as Apple CFO in 2025
Kevan Parekh (52) currently vice president of financial planning and analysis at Apple, is reportedly set to become the chief financial officer (CFO) starting January 1, 2025. This transition follows a planned succession as the current CFO, Luca Maestri, steps down from his role. Parekh will also join Apple's executive team, reporting directly to CEO Tim Cook.
Parekh's experience at Apple and other companies
Kevan Parekh has been a key figure at Apple since 2013, where he has played a crucial role in various financial domains. Before joining Apple, he was with Thomson Reuters and General Motors, where he worked in finance and product marketing roles. His diverse background positions him well for the responsibilities of his new role.
Areas of leadership
In his 11 years at Apple, Kevan Parekh has led several critical areas within the company. His responsibilities have included overseeing financial planning and analysis, general and administrative (G&A) finance, investor relations, and market research. Parekh's leadership in these areas has been instrumental in Apple's ongoing financial strategies.
Maestri's journey at Apple
Luca Maestri, who has been Apple's CFO since 2014, will transition to a different role within the company, focusing on overseeing information technology and real estate functions. Maestri has been important in bringing Apple's finances through significant changes, including the company's shift towards becoming a leading services provider.
Parekh's educational background
Kevan Parekh holds a BSc in Electrical Engineering from the University of Michigan and an MBA from the University of Chicago. His educational background, combined with his extensive experience, equips him with the necessary skills to lead Apple's financial operations in his upcoming role.
The future under Parekh's leadership
As Kevan Parekh prepares to take on the role of CFO, expectations are high for his role on Apple's financial strategies. With his great experience within Apple and his broad financial background, Parekh is expected to continue building on the foundation laid by his predecessor, Luca Maestri.
