All About Apple’s Indian-Origin CFO Designate Kevan Parekh

SUMMARY

Kevan Parekh, Apple’s current vice president of financial planning and analysis, will take over as CFO from incumbent Luca Maestri, who will transition from his current role on January 1, 2025

An alumni of Booth School of Business and University of Michigan, Parekh joined Apple in 2013 and rose through the ranks over the years

Google CEO Sundar Pichai and Microsoft CEO Satya Nadella are among the other Indian-origin top executives at US-based big tech firms

In the latest addition to the list of Indian-origin top executives at US big tech firms, Kevan Parekh will become the new chief financial officer (CFO) of Apple.

Parekh, Apple’s current vice president of financial planning and analysis, will take over “financial” reins of the company from incumbent Luca Maestri, who will transition from his current role on January 1, 2025.

Following a planned succession, Parekh will become the CFO and join the big tech giant’s executive team.

“For more than a decade, Kevan has been an indispensable member of Apple’s finance leadership team, and he understands the company inside and out. His sharp intellect, wise judgment, and financial brilliance make him the perfect choice to be Apple’s next CFO,” said Apple CEO Tim Cook.

Parekh joined Apple in 2013 and rose through the ranks. He currently helms financial planning and analysis, general and administrative (G&A) and benefits finance, investor relations and market research.

An MBA from Booth School of Business, Parekh has a bachelor’s degree in science from the University of Michigan. Prior to joining Apple, he also held various senior roles at Thomson Reuters and General Motors.

The announcement came ahead of Apple’s upcoming September event, which will likely see the launch of the new iPhone 16 series smartphones.

With this, Parekh has become the latest Indian-origin top executive at a US-based big tech company. Currently, Sundar Pichai heads Google parent Alphabet, while Satya Nadella is the CEO of Microsoft.

Additionally, Vaibhav Taneja is the CFO of EV major Tesla, while Aparna Bawa was appointed as the chief operating officer of Zoom in May 2020. There is also Dixit Joshi, who overtook as the CFO of Credit Suisse in 2022, while Shantanu Narayen has been leading Adobe since 2007.