Apple’s new CFO is Indian origin Kevan Parekh: All it is advisable know

• Apple lately appointed its new CFO
• The firm’s new CFO is Indian origin Kevan Parekh
• He will assume his new position in 2025

Just after confirming the launch date of the iPhone 16, Apple had one other announcement in retailer. The firm introduced a change in its management workforce and appointed Kevan Parekh as its new Chief Financial Officer, efficient January 1, 2025. Parekh, who has been a significant a part of Apple’s finance management for over a decade, will succeed Luca Maestri, a seasoned govt credited with greater than doubling Apple’s income throughout his tenure. Read on to know all in regards to the Indian-origin senior Apple govt.

Parekh has been with Apple for 11 years and is presently main Financial Planning and Analysis, G&A and Benefits Finance, Investor Relations, and Market Research. Prior to this, he led Worldwide Sales, Retail, and Marketing Finance at Apple. Parekh started his tenure at Apple by main the monetary assist of Apple’s Product Marketing, Internet Sales and Services, and Engineering groups.

Before becoming a member of Apple, Parekh honed his monetary experience at trade giants Thomson Reuters and General Motors. At Thomson Reuters, he climbed the ranks to turn out to be Corporate Treasurer, the place he was liable for overseeing the corporate’s international monetary operations. His stint at General Motors noticed him tackle important roles, together with Director of Business Development in New York and Regional Treasurer in Zurich, the place he managed monetary operations throughout Europe.

Talking about Parekh’s educational background, he holds a Bachelor of Science in Electrical Engineering from the University of Michigan and an MBA from the University of Chicago.

As Parekh steps into his new position, Apple is getting ready to launching a sequence of AI-powered options that might redefine the iPhone expertise.

In a press launch, Apple famous that as Parekh assumes his new position, Luca Maestri will probably be persevering with his journey within the firm.

Although he’ll step down as CFO, Maestri will proceed to steer Apple’s Corporate Services groups, together with data techniques and know-how, data safety, and actual property and growth.

“During his time as CFO, Maestri enabled important investments and practiced sturdy monetary self-discipline, which collectively helped the corporate greater than double its income, with companies income rising greater than 5 occasions,” the corporate stated within the press launch.

Talking in regards to the subsequent CFO and his subsequent stint with Apple, Maestri stated, “I’m wanting ahead to the subsequent stage of my time at Apple, and I’ve huge confidence in Kevan as he prepares to take the reins as CFO. He is really distinctive, has a deep love for Apple and its mission, and he embodies the management, judgment, and values which might be so essential to this position.”

Apple CEO Tim Cook additionally expressed his confidence in Parekh’s potential to steer the corporate’s monetary technique.

“For greater than a decade, Kevan has been an indispensable member of Apple’s finance management workforce, and he understands the corporate inside and outside. His sharp mind, smart judgment, and monetary brilliance make him the right option to be Apple’s subsequent CFO,” Cook stated in response to a press launch by Apple.

SEE ALSO: One of Tim Cook’s huge bets is paying off
The iPhone 16 is lower than 3 months away here is what to anticipate