Kevan Parekh: Apple Inc., the company behind the iPhone, has made a significant change in its management by appointing India-origin Kevan Parekh as the new Chief Financial Officer (CFO). He will be replacing Luca Maestri, who is set to take on a new role within the company.
Currently serving as vice president
Currently, Kevan Parekh serves as Apple’s Vice President and will officially assume the CFO position on January 1, 2025. This marks the second major change in Apple’s management within a week. He holds a degree in Electrical Engineering from the University of Michigan and an MBA from the University of Chicago.
Kevan is part of Apple for 11 years
For eleven years, Kevan Parekh has been a member of several teams at Apple. He has significantly improved the business’s operations and financial strategies during this time. Kevan Parekh, who is 52 years old, has grown to be an important part of Apple’s finance team quite fast. Right now, he is in charge of planning and financial analysis. He is seen as reporting directly to Tim Cook and is an important member of his team.
Luca Maestri is his mentor
Kevan Parekh has been getting ready for the CFO position for a few months thanks to Luca Maestri. Bloomberg claims that Luca Maestri, who has been Kevan Parekh’s mentor for this role, has overseen his work. Parekh has a deep understanding of Apple’s operations because he oversaw the company’s sales, retail, and marketing divisions in the past.
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Positive Takeaway
Before joining Apple, he worked at major companies such as Thomson Reuters and General Motors. At Reuters, he served as Vice President of Finance for four years, and at General Motors, he was involved in business development as a Director.
