Who is Kevan Parekh, the new CFO of Apple?

August 29, 2024

Apple announced that Kevan Parekh will become the company’s new Chief Financial Officer (CFO) on January 1, 2025, replacing Luca Maestri. This change marks an important moment in Apple’s leadership, as Parekh takes on a key role in managing the company’s finances.

Who is Kevan Parekh?

Kevan Parekh was born in 1972 and is a skilled electrical engineer. He has a Bachelor of Science degree from the University of Michigan and an MBA from the University of Chicago. Before joining Apple, he held senior leadership positions at Thomson Reuters and General Motors. Parekh has been with Apple for over 11 years. He started as the head of financial support for different business divisions. Currently, he oversees financial planning, investor relations, and market research. Recently, his responsibilities increased after Saori Casey, Maestri’s former deputy, left the company.

What Will Parekh do as CFO?

Over the past several months, Maestri has been preparing Parekh for the CFO position. Reports suggest that Parekh has been increasingly involved in private meetings with financial analysts and partners, showing his growing role in Apple’s finance department. As Apple’s CFO, Parekh will manage the company’s finances and strategic planning. His duties will include making important decisions about investments and finances and working closely with key partners and stakeholders.

Recognition and Impact

Both Maestri and Apple CEO Tim Cook have praised Parekh for his outstanding leadership, good judgment, and dedication to Apple’s mission. Parekh’s appointment also highlights the increasing presence of Indian-origin executives in top global companies, alongside leaders like Satya Nadella and Sundar Pichai.

Facts About Apple

Apple Inc. was started in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne.
The original Apple logo showed Isaac Newton sitting under an apple tree.
The first computer made by Apple called the Apple I, was sold for $666.66.
The name “Apple” is said to come from Steve Jobs’ love for the fruit.
The iPhone is very important to Apple, making up more than half of the company’s revenue.
Apple is one of the companies with the most cash, holding over $200 billion.
Apple’s main campus, called Apple Park, covers 175 acres of land.

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