<p>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.</p><p>The leadership change comes ahead of <a href="https://www.deccanherald.com/tags/apple">Apple's</a> multiple product launch this fall season, which analysts have called the biggest software upgrade for the iPhone.</p><p>It includes artificial intelligence features, which are crucial for Apple as it looks to reverse a global sales slowdown, particularly in China.</p><p>Apple said Maestri will continue to lead the corporate services teams, including information systems and technology, information security and real estate and development, reporting to CEO <a href="https://www.deccanherald.com/tags/tim-cook">Tim Cook</a>.</p><p><strong>Who is Kevan Parekh?</strong></p><p>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 financial planning and analysis.</p><p>Before Apple, Parekh held senior leadership roles at Thomson Reuters and General Motors.</p>.IPPAWARDS 2024: Best of the iPhone photography awards. <p>Parekh's current LinkedIn profile <a href="https://www.linkedin.com/in/kevan-parekh-231377/" rel="nofollow">shows</a> him as a Vice President at Apple.</p><p>He got a BS degree in Engineering from the University of Michigan in 1993, following which he completed his post-graduation in business administration from The University of Chicago Booth School of Business.</p><p>Parekh began his professional career at General Motors in their New York Treasuer's Office, and left the company as the Regional Treasurer of its European division in July 2009.</p><p>Parekh's next destination was Thomson Reuters, where he began as the President of Finance, Professional Division, and then was moved to the role of Coporate Treasurer.</p><p>In June 2013, he joined Apple in their Finance and Product Marketing division.</p><p>Parekh was being groomed by his predecessor Luca Maestri to take on the role in the months leading to the announcement, <a href="https://www.bloomberg.com/news/newsletters/2024-05-12/who-will-run-apple-after-cook-leaves-a-look-at-company-s-succession-challenge-lw3j2t5z" rel="nofollow">as per</a> a <em>Bloomberg</em> report.</p><p>“Kevan has been an indispensable member of Apple’s finance leadership team, and he understands the company inside and out,” Apple CEO Tim Cook said in a statement. “His sharp intellect, wise judgment and financial brilliance make him the perfect choice to be Apple’s next CFO.”</p> <p><em>With Reuters inputs</em></p>
<p>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.</p><p>The leadership change comes ahead of <a href="https://www.deccanherald.com/tags/apple">Apple's</a> multiple product launch this fall season, which analysts have called the biggest software upgrade for the iPhone.</p><p>It includes artificial intelligence features, which are crucial for Apple as it looks to reverse a global sales slowdown, particularly in China.</p><p>Apple said Maestri will continue to lead the corporate services teams, including information systems and technology, information security and real estate and development, reporting to CEO <a href="https://www.deccanherald.com/tags/tim-cook">Tim Cook</a>.</p><p><strong>Who is Kevan Parekh?</strong></p><p>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 financial planning and analysis.</p><p>Before Apple, Parekh held senior leadership roles at Thomson Reuters and General Motors.</p>.IPPAWARDS 2024: Best of the iPhone photography awards. <p>Parekh's current LinkedIn profile <a href="https://www.linkedin.com/in/kevan-parekh-231377/" rel="nofollow">shows</a> him as a Vice President at Apple.</p><p>He got a BS degree in Engineering from the University of Michigan in 1993, following which he completed his post-graduation in business administration from The University of Chicago Booth School of Business.</p><p>Parekh began his professional career at General Motors in their New York Treasuer's Office, and left the company as the Regional Treasurer of its European division in July 2009.</p><p>Parekh's next destination was Thomson Reuters, where he began as the President of Finance, Professional Division, and then was moved to the role of Coporate Treasurer.</p><p>In June 2013, he joined Apple in their Finance and Product Marketing division.</p><p>Parekh was being groomed by his predecessor Luca Maestri to take on the role in the months leading to the announcement, <a href="https://www.bloomberg.com/news/newsletters/2024-05-12/who-will-run-apple-after-cook-leaves-a-look-at-company-s-succession-challenge-lw3j2t5z" rel="nofollow">as per</a> a <em>Bloomberg</em> report.</p><p>“Kevan has been an indispensable member of Apple’s finance leadership team, and he understands the company inside and out,” Apple CEO Tim Cook said in a statement. “His sharp intellect, wise judgment and financial brilliance make him the perfect choice to be Apple’s next CFO.”</p> <p><em>With Reuters inputs</em></p>