Apple CFO Transition: Kevan Parekh Replaces Luca Maestri
Apple has officially confirmed the transition of its Chief Financial Officer (CFO) role. Luca Maestri stepped down on January 1, 2025, and Kevan Parekh, formerly Vice President of Financial Planning and Analysis, has assumed the position.
This transition, initially announced in August 2024, was formalized through an SEC filing. Maestri will continue to lead Apple's Corporate Services teams, reporting to CEO Tim Cook. You can learn more about corporate leadership changes and trends in Venture Capital 2025: Predictions and Trends.
About Kevan Parekh
An 11-year Apple veteran, Parekh's previous responsibilities included Financial Planning and Analysis, Investor Relations, and Market Research. His annual salary as CFO is $1 million, with eligibility for Apple's Executive Cash Incentive Plan. For insights into other tech company updates, see Xiaomi HyperOS 2 Update.
Luca Maestri's Legacy
CEO Tim Cook commended Maestri's leadership, highlighting the doubling of Apple's revenue and five-fold growth in services revenue during his tenure. This leadership transition reflects Apple's ongoing evolution, similar to the changes discussed in Xiaomi, Redmi, & POCO Devices Reaching EOL in 2025.
Kevan Parekh's Background
Parekh brings experience from prior senior leadership roles at Thomson Reuters and General Motors. He holds degrees in Electrical Engineering from the University of Michigan and an MBA from the University of Chicago Booth School of Business.