Apple announces Kevan Parekh as new CFO, to take over from January 1

Apple

Apple has revealed that Luca Maestri, chief financial officer, will transition from his current role on January 1, 2025. As part of a planned succession, Kevan Parekh, Apple’s vice president of financial planning and analysis, will become Chief Financial Officer and join the executive team.

Before joining Apple, Parekh held various senior leadership roles at Thomson Reuters and General Motors. Parekh is an electrical engineer with a Bachelor’s of Science from the University of Michigan and an MBA from the University of Chicago.

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.

On Parekh’s elevation as CFO, Apple CEO Tim Cook said, “For more than a decade, Kevan has been an indispensable member of Apple’s finance leadership team, 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.”

Maestri, on the other hand will continue to lead the Corporate Services teams, including information systems and technology, information security, and real estate and development, reporting to Cook.