Indian-born executive Kevan Parekh has been appointed as Apple's CFO. His impressive career and contributions to Apple's financial strategies mark a significant milestone.

Kevan Parekh, an Indian-American finance leader, has been named Apple’s new Chief Financial Officer (CFO) from January 1, 2025. His appointment marks a significant milestone for the tech giant, reflecting its focus on cultivating diverse and accomplished talent. Parekh’s career at Apple spans over a decade, during which he has contributed to financial strategies that have shaped the company’s operations and growth.

Parekh joined Apple in 2012 and provided financial support for critical divisions like product marketing and internet services. Over the years, his role expanded, overseeing global sales, retail and marketing finance. Most recently, as Vice President of Financial Planning and Analysis, Parekh was responsible for steering investor relations, market research and financial planning. His efforts have ensured Apple’s economic stability and strategic expansion in an increasingly competitive tech landscape.

Parekh steps into the CFO role at a time when Apple is navigating both opportunities and challenges in a rapidly evolving market. With a base salary of one million dollars and a target opportunity of 175 percent under Apple’s Executive Cash Incentive Plan, the financial package underscores the elevated expectations of his new position. He succeeded Luca Maestri, who had held the role since 2014. Under Maestri’s tenure, Apple doubled its revenue and achieved remarkable growth in its services segment.

Maestri, who will continue to oversee corporate services, including information security and real estate, leaves a legacy of financial excellence. Parekh, known for his strategic foresight and analytical rigor, is expected to further Apple’s trajectory of growth and innovation while addressing emerging challenges such as global supply chain disruptions and sustainability goals.

Impressive credentials mark Parekh’s professional journey. He holds a Bachelor of Science in Electrical Engineering from the University of Michigan and an MBA from the University of Chicago Booth School of Business. Before joining Apple, Parekh built his expertise at Thomson Reuters and General Motors, where he managed financial operations across Europe and Asia. His global perspective and technical acumen have been integral to his success in the high-stakes world of technology finance.

Parekh’s rise to CFO highlights the increasing prominence of Indian-origin executives in global technology firms. His appointment joins a growing list of trailblazers like Sundar Pichai of Google and Satya Nadella of Microsoft, reflecting the influence of the Indian diaspora in shaping the future of tech. As Apple continues prioritizing innovation, sustainability and global impact, Parekh’s leadership is expected to play a critical role in achieving these objectives.