On August 27, Apple announced the appointment of Kevan Parekh as its new Chief Financial Officer (CFO). Parekh, who will succeed Luca Maestri in January 2025, brings a wealth of experience and a deep understanding of Apple’s financial landscape.
Who is Kevan Parekh?
Born in 1972, Kevan Parekh is an accomplished electrical engineer with a Bachelor of Science from the University of Michigan and an MBA from the University of Chicago. Before his tenure at Apple, Parekh held senior positions at Thomson Reuters and General Motors.
Career at Apple
Parekh has been a key figure at Apple for over a decade. He initially led financial support for various business divisions and currently oversees financial planning, investor relations, and market research. His role expanded significantly after Saori Casey’s departure, with Parekh increasingly involved in high-level financial discussions and decisions.
The Transition
Tim Cook, Apple’s CEO, praised Parekh’s sharp intellect and financial expertise, calling him the ideal candidate for the CFO role. Luca Maestri, the outgoing CFO, endorsed Parekh’s appointment, highlighting his exceptional leadership and commitment to Apple’s mission.
Broader Impact
Parekh’s promotion continues the trend of Indian-origin executives rising to prominent positions in global companies, joining the ranks of leaders such as Microsoft’s Satya Nadella, Alphabet’s Sundar Pichai, Adobe’s Shantanu Narayen, and Tesla’s Vaibhav Taneja.
As Apple’s CFO, Parekh will be responsible for managing the company’s finances and strategy, making significant investment and financing decisions, and collaborating with key stakeholders.
