Apple Announces New Chief Financial Officer Kevan Parekh to Replace Luca Maestri
TapTechNews August 27th news, after Apple officially announced that it will hold the autumn conference at 1 a.m. Beijing time on September 10 and will announce new products such as the iPhone 16 series, there was a major adjustment within the company. The chief financial officer, Luca Maestri, stepped down and was replaced by Kevan Parekh.
Parekh has worked at Apple for 11 years and is responsible for financial planning and analysis, G&A and benefits finance, investor relations, and market research. He started from marketing and was once in charge of global sales, retail, and marketing finance.
Apple announced that Parekh will officially take over as the chief financial officer from Luca Maestri on January 1, 2025.
Maestri will continue to serve as the head of Apple's corporate services team and report directly to the chief executive officer, Tim Cook.
Cook released a statement, and TapTechNews translated the relevant information as follows:
For a long time, Maestri has made outstanding contributions in managing Apple, improving and promoting the company's financial performance, and has played an important role in communicating with shareholders and instilling financial discipline in every department of Apple.
We are fortunate that we will continue to benefit from his leadership and insight, which is the precious wealth he has brought to us during his tenure in the company.
For more than a decade, Kevin has been an indispensable member of Apple's financial leadership team and knows the company inside out. His acute wisdom, sensible judgment, and excellent financial capabilities make him the ideal choice for Apple's next chief financial officer.
Maestri then said:
Being able to serve the most innovative and most respected company in the world and work side by side with an inspiring leader like Tim Cook is the greatest honor in my career.
I look forward to the next stage of work at Apple. As Kevan prepares to take over as chief financial officer, I have full confidence in him. He is truly excellent and has a deep affection for Apple and its mission. He embodies the leadership, judgment, and values that are very important for this position.