New Delhi: Apple Inc. announced today that it has promoted Kevan Parekh to the role of Chief Financial Officer (CFO), effective January 1, 2025. Parekh will succeed Luca Maestri, who will retire from the company after a successful tenure.
Parekh, a seasoned Apple executive with over 11 years of experience, currently serves as the Vice President of Financial Planning and Analysis. His extensive knowledge of the company’s operations and financial strategies makes him a natural fit for the CFO position.
“Luca has been an invaluable asset to Apple, leading our financial performance and engaging with our shareholders,” said Tim Cook, Apple’s CEO. “We are grateful for his contributions and excited to see Kevan take on this important role.”
ALSO READ: Boost for Urdu Journalism: Annual Scholarships Announced to Support Emerging Talent
Parekh has a proven track record of financial acumen and strategic thinking. Prior to his current role, he oversaw various financial functions within Apple, including Worldwide Sales, Retail, and Marketing Finance. His deep understanding of the company’s business model and financial landscape will be instrumental in guiding Apple’s future growth and success.
As CFO, Parekh will be responsible for overseeing Apple’s global financial operations, including accounting, treasury, investor relations, and tax. He will also play a key role in developing and implementing the company’s financial strategies.
Apple’s announcement marks a significant transition in its executive leadership. Kevan Parekh’s appointment demonstrates the company’s commitment to fostering internal talent and ensuring a smooth succession plan for one of its most critical roles.
