On Monday August 26, Apple announced the transition of CFO Luca Maestri from his role, starting January 1, 2025.
Maestri will keep on driving the Corporate Administrations groups, including information systems and technology, information security, and real estate and development, answering to Apple Chief Tim Cook.
Kevan Parekh, Apple’s VP of Financial Planning and Analysis, takes over as the Chief Financial Officer to join the executive team.
As per Apple’s Chief Tim Cook, Luca has been a phenomenal partner in managing Apple as long as possible. He has been instrumental in improving and driving the organization’s financial performance, drawing in with investors, and imparting monetary discipline across all aspects of Apple.
The company is therefore fortunate to benefit from the leadership and insight that have been the hallmark of his tenure at the company.
Then again, Kevan has been an indispensable member of Apple’s finance leadership team for more than a decade, 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.
During his time as CFO, Maestri enabled essential investments and practiced robust financial discipline, which together helped the company more than double its revenue, with services revenue growing more than five times.
Parekh has been at Apple for 11 years and currently leads Financial Planning and Analysis, G&A and Benefits Finance, Investor Relations, and Market Research.
Prior to this role, Parekh led Worldwide Sales, Retail, and Marketing Finance. He began his tenure leading the financial support of Apple’s Product Marketing, Internet Sales and Services, and Engineering teams.
Before joining Apple, Parekh held various senior leadership roles at Thomson Reuters and General Motors, where he also had extensive global experience.
Parekh is an electrical engineer with a Bachelor’s of Science from the University of Michigan and an MBA from the University of Chicago.
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