Apple Appoints New CFO, Kevan Parekh
Apple has officially appointed Kevan Parekh as its new Chief Financial Officer (CFO), succeeding Luca Maestri. This transition, announced last year, took effect on January 1, 2025. Maestri, who served as CFO since 2014, will now lead Apple's Corporate Services teams.
Parekh's Background
Parekh has been with Apple for 11 years, most recently leading Financial Planning and Analysis. His prior roles include Vice President of Finance for Sales, Marketing, and Retail. Before Apple, he held senior positions at Thomson Reuters and General Motors. His salary has been raised to $1 million, and he is now eligible for Apple's Executive Cash Incentive Plan.
Maestri's Legacy
During his tenure, Maestri oversaw significant growth for Apple. CEO Tim Cook expressed gratitude for Maestri's contributions. Maestri himself described his time as CFO as a "real privilege." For insights into Apple's financial performance under Maestri, you can refer to Apple's Q1 2025 Earnings.
Looking Ahead
This CFO transition comes at a pivotal time for Apple. With new product launches and market dynamics, Parekh's financial leadership will be key. For more on Apple's plans, see Apple's 2025 Event Preview. You can also learn about January 2025 Smartphone Launches for a broader industry perspective.