Apple Appoints Kevan Parekh as New CFO, Replacing Luca Maestri
9 Sources
[1]
Apple names Indian-origin Kevan Parekh as new CFO ahead of iPhone 16 launch
Cupertino tech major Apple has announced the appointment of Indian-origin executive Kevan Parekh as its new Chief Financial Officer (CFO), effective January 1, 2025. Parekh, who has been with Apple for over a decade, will succeed Luca Maestri, a company veteran who has served as CFO since 2014.
[2]
Apple names insider Kevan Parekh as finance chief in place of Maestri
Apple on Monday named insider Kevan Parekh as its chief financial officer, replacing Luca Maestri who will transition from the role on Jan. 1, 2025. Parekh, who has been with Apple for more than a decade and will join the company's executive committee, most recently served as vice president of
[3]
Apple Appoints Kevan Parekh As CFO, Replacing Luca Maestri - News18
Tech giant Apple on Monday named insider Kevan Parekh as its chief financial officer, replacing company veteran Luca Maestri who will transition from the role on Jan. 1, 2025. The leadership change comes ahead of Apple's multiple product launch this fall season, which analysts have called the
[4]
Apple taps insider Kevan Parekh as CFO, replacing Luca Maestri
Tech giant Apple on Monday named insider Kevan Parekh as its chief financial officer, replacing company veteran Luca Maestri who will transition from the role on Jan. 1, 2025. The leadership change comes ahead of Apple's multiple product launch this fall season, which analysts have called the
[5]
Apple names insider Kevan Parekh as finance chief in place of Maestri
Aug 26 (Reuters) - Apple on Monday named insider Kevan Parekh as its chief financial officer, replacing Luca Maestri who will transition from the role on Jan. 1, 2025. Parekh, who has been with Apple for more than a decade and will join the company's executive committee, most recently served as
[6]
Apple taps insider Kevan Parekh as CFO, replacing Maestri
Tech giant Apple on Monday named insider Kevan Parekh as its chief financial officer, replacing company veteran Luca Maestri who will transition from the role on Jan. 1, 2025. The leadership change comes ahead of Apple's multiple product launch this fall season, which analysts have called the
[7]
Apple taps insider Kevan Parekh as CFO, replacing Maestri
It includes artificial intelligence features, which are crucial for Apple as it looks to reverse a slowdown in global sales, particularly in China, and better compete with rivals who have rolled out AI upgrades. Parekh, who has been with Apple for more than a decade and will join the company's
[8]
Apple names insider Kevan Parekh as finance chief in place of Maestri
Before Apple, Parekh held senior leadership roles at Thomson Reuters and General Motors. The leadership change comes ahead of Apple's multiple product launch this fall season, which analysts have called the biggest software upgrade for the iPhone. It includes artificial intelligence features,
[9]
Apple Announces CFO Transition, iPhone 16 Debut: What To Know - Apple (NASDAQ:AAPL)
Maestri will continue to lead the Corporate Services teams, including information systems and technology and information security. Apple, Inc. AAPL shares are trading slightly lower in Monday's after-hours session after the company announced Chief Financial Officer Luca Maestri will transition
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Apple Inc. has named Kevan Parekh, an Indian-origin executive, as its new Chief Financial Officer. Parekh will succeed Luca Maestri, who has held the position since 2014. This leadership change comes ahead of the anticipated iPhone 16 launch.
Apple's Leadership Transition
Apple Inc., the tech giant known for its innovative products, has announced a significant change in its executive leadership. Kevan Parekh, an Indian-origin finance executive, has been appointed as the new Chief Financial Officer (CFO) of the company
1
. Parekh will be taking over from Luca Maestri, who has held the position since 2014 and played a crucial role in Apple's financial strategies during a period of significant growth2
.Kevan Parekh's Background
Kevan Parekh is not a new face at Apple. He has been with the company for over a decade, serving most recently as the vice president of corporate finance
3
. His appointment as CFO is seen as a promotion from within, highlighting Apple's strategy of nurturing and elevating internal talent. Parekh's experience and familiarity with Apple's financial operations are expected to ensure a smooth transition in the company's financial leadership.Timing and Implications
The timing of this leadership change is noteworthy, as it comes ahead of the anticipated launch of the iPhone 16
1
. This transition period could be crucial for Apple, as the company navigates through various challenges and opportunities in the tech industry, including the development of new products and services.Related Stories
Luca Maestri's Legacy
Luca Maestri, the outgoing CFO, has been a key figure in Apple's financial success over the past decade. Under his financial stewardship, Apple has seen remarkable growth, becoming one of the most valuable companies in the world
4
. Maestri's tenure saw Apple's revenue more than double, and he played a significant role in the company's capital return program, which has returned over $600 billion to shareholders5
.Industry Implications
This leadership change at Apple is likely to be closely watched by the tech industry and investors alike. As one of the world's most valuable companies, any shifts in Apple's executive team can have far-reaching implications for the tech sector and global markets. Parekh's appointment also highlights the increasing prominence of Indian-origin executives in top positions at major global corporations, reflecting the diverse talent pool in the tech industry.
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