Apple has announced the elevation of Kevan Parekh to the role of Chief Financial Officer (CFO), succeeding Luca Maestri. Parekh, who has been with Apple for 11 years, currently serves as Vice President of Financial Planning and Analysis.
Tim Cook, Apple’s CEO, highlighted Maestri’s significant contributions during his tenure, including his role in enhancing the company’s financial performance, engaging with shareholders, and instilling financial discipline across the organization. Cook expressed confidence in Parekh’s appointment, citing his deep understanding of Apple’s operations, sharp intellect, and financial expertise as key factors that make him the ideal choice for CFO.
In his current role, Parekh oversees various financial functions, including Financial Planning and Analysis, General and Administrative Finance, Benefits Finance, Investor Relations, and Market Research. His extensive experience at Apple also includes leading finance teams for Worldwide Sales, Retail, and Marketing, as well as providing financial support to the product marketing, internet sales and services, and engineering teams.
Parekh’s appointment as CFO marks a significant milestone in his career at Apple, reflecting his deep expertise and the trust placed in him to guide the company’s financial strategy in the years to come.