Kevan Parekh

Last updated
Kevan Parekh
Born1972 (age 52–53)
NationalityAmerican
Alma mater University of Michigan (B.S.)
University of Chicago (MBA)
OccupationBusiness executive
Title CFO, Apple Inc.
Board member ofApple

Kevan Parekh (born 1972) [1] is an American business executive who has been the chief financial officer (CFO) of Apple Inc. since January 2025. [2] [3] [4] Prior to this, Parekh worked in other positions at Apple for eleven years, including as vice president of Financial Planning and Analysis. Before joining Apple, Parekh worked at both Thomson Reuters and General Motors. [5]

Contents

Early life and education

Parekh is from an Indian American family. [5] He attended the University of Michigan, where he received a bachelor's of science (B.S.) degree in electrical engineering. He later received his Master of Business Administration (MBA) from the University of Chicago Booth School of Business. [2] [3] [6]

Career

Before Apple, Parekh worked at Thomson Reuters for over four years and at General Motors for over five years. [2] [7] [5]

Apple

Parekh has been at Apple for 11 years [8] and is currently the vice president of Financial Planning and Analysis. [9] Before this, he was the head of Worldwide Sales, Retail, and Marketing Finance at Apple. [2] He started his Apple career as the head of financial support of some of Apple's business divisions. Parekh recently got additional responsibilities at Apple when former Apple finance executive Saori Casey left Apple. [7] [8] [10]

He replaced Luca Maestri as the CFO of Apple on 1 January 2025. [2] [4] [9] . As part of this role, Parekh joined Apple’s executive team, reporting directly to Tim Cook. [10] In this role, he will receive a base salary of $1 million. [11]

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References

  1. ↑ "Who is Indian-origin Kevan Parekh, the new CFO of Apple?". The Indian Express. August 29, 2024.
  2. 1 2 3 4 5 "Apple announces Chief Financial Officer transition". apple.com. Apple. 26 August 2024. Retrieved 27 August 2024.
  3. 1 2 Reuters (27 August 2024). "Apple taps insider Kevan Parekh as CFO, replacing Maestri". reuters.com. Reuters . Retrieved 27 August 2024.
  4. 1 2 "Apple names insider Kevan Parekh as finance chief in place of Maestri" . thehindu.com. The Hindu. Reuters. 27 August 2024. Retrieved 27 August 2024.
  5. 1 2 3 Kumar, Abhijeet (27 August 2024). "All you need to know about Kevan Parekh, Apple's new Indian-origin CFO". business-standard.com. Business Standard . Retrieved 28 August 2024.
  6. ↑ "Kevan Parekh to take over as Apple CFO next year". fortuneindia.com. Fortune India. 27 August 2024. Retrieved 30 August 2024.
  7. 1 2 D'Cruze, Danny (27 August 2024). "Who is Kevan Parekh? The successor to Apple's long-standing CFO Luca Maestri". businesstoday.in. Business Today . Retrieved 27 August 2024.
  8. 1 2 "Kevan Parekh to take over as Apple CFO after Luca Maestri steps down; who is the Indian American? All you need to know". Mint. Livemint. 27 August 2024. Retrieved 28 August 2024.
  9. 1 2 Acton, Michael (27 August 2024). "Apple's top finance executive to step down at end of 2024". ft.com. Financial Times . Retrieved 28 August 2024.
  10. 1 2 Gurman, Mark (27 August 2024). "Apple's Maestri to Hand Off CFO Job, Move to Smaller Role". bloomberg.com. Bloomberg News . Retrieved 30 August 2024.
  11. ↑ Alexis, Alexei (2025-01-06). "New Apple finance chief awarded $1M salary". CFO Dive. Retrieved 2025-01-06.
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