Details of Apple’s Next CFO: Kevan Parekh

Nitin Konde, Apoorva Bajj

Aug 28, 2024 — 2 min read

Details of Apple’s Next CFO: Kevan Parekh

Chief Financial Officer (CFO) Luca Maestri will be leaving his position at Apple on January 1, 2025, according to the company. Vice President of Financial Planning and Analysis at Apple, Kevan Parekh, will be promoted to Chief Financial Officer and added to the executive team as a result of a prearranged succession.

According to Apple CEO Tim Cook, Kevan has been an integral part of the company's financial leadership team for over a decade and knows the business inside and out. He is an ideal candidate to succeed Tim Cook as Apple's chief financial officer due to his brilliant mind, sound judgment, and financial acumen.

Following four years at Thomson Reuters, Kevan Parekh became an Apple employee in 2013 and works in product marketing and finance. He has experience in international operations from his time at General Motors. He earned a BS in electrical engineering from Michigan State University and an MBA from Chicago University.

Academic History and Experience

Upon finishing high school, Parekh enrolled at the esteemed University of Michigan, which is famous for its excellent engineering programs. According to his LinkedIn profile, Parekh earned a BS in electrical engineering in 1994. He learned a lot about his area and gained expertise while participating in several student groups and research projects at the University of Michigan.

Parekh chose to get his Master of Commercial Administration (MBA) because he understood the value of having both technical knowledge and commercial sense. He was admitted to the world-renowned Booth School of Business at the University of Chicago. Parekh earned a Master of Business Administration degree in 2000 with a concentration in finance and strategic management, as stated on his LinkedIn profile. His thorough grasp of company operations and financial strategy was shaped by his time at the University of Chicago, where he participated in case competitions, had extensive networking opportunities, and had demanding coursework.

Impressive Professional Accomplishments

The educational background of Kevan Parekh has been crucial to his professional success. He became the Director of Business Development at General Motors in their New York headquarters after finishing his MBA. The company's financial planning and strategic goals were within his purview. Thomson Reuters was Parekh's next stop in 2009, and he held the positions of VP of finance and corporate treasurer thereafter. During his time at Thomson Reuters, he made substantial contributions to the company's growth plans and financial restructuring.

Parekh became Apple Inc.'s VP of financial planning and analysis in 2013. His many years of experience in management include most recently serving as the company's financial director for global sales, retail, and marketing. Financial strategy and operations at Apple owe a great deal to his extensive knowledge of both technical and commercial components. After Luca Maestri's departure as Apple's CFO on January 1, 2025, Parekh will take up the position.