Apple Announces New CFO, Kevan Parekh to Succeed Luca Maestri

Apple Announces New CFO, Kevan Parekh to Succeed Luca MaestriFollowing the announcement of its upcoming fall event scheduled for September 10th at 1:00 AM Beijing time, Apple has revealed a major personnel change: Kevan Parekh will succeed Luca Maestri as Chief Financial Officer, effective January 1, 2025. During Maestri's tenure at Apple, he made significant contributions to the company's financial performance and capital return initiatives, with Apple's stock price soaring over 800% since his appointment

Apple Announces New CFO, Kevan Parekh to Succeed Luca Maestri

Following the announcement of its upcoming fall event scheduled for September 10th at 1:00 AM Beijing time, Apple has revealed a major personnel change: Kevan Parekh will succeed Luca Maestri as Chief Financial Officer, effective January 1, 2025. During Maestri's tenure at Apple, he made significant contributions to the company's financial performance and capital return initiatives, with Apple's stock price soaring over 800% since his appointment.

Parekh, a close confidante of Maestri, has served as the company's Vice President of Finance Planning & Analysis, possessing extensive experience in finance and product marketing. With his years of service at Apple, he has a deep understanding of the company's operations and financial landscape. In a statement, Apple CEO Tim Cook lauded Parekh's qualifications for the CFO role, expressing confidence in his ability to lead Apple to further financial success.

While Maestri will continue to head a team focused on IT, security, and real estate development, Parekh will take the reins of Apple's finances, bringing fresh financial strategies and leadership to the company.

Rumors suggest that this year's iPhone 16 lineup will introduce several upgrades, including larger screen sizes for high-end models, a redesigned camera bump, and a new color option. All four models are expected to feature 8GB of RAM to accommodate the demands of Apple Intelligence functionalities.

This personnel change marks a strategic adjustment within Apple's ongoing growth trajectory, signifying a continued commitment to financial leadership. The new CFO, Kevan Parekh, brings a wealth of experience and expertise, poised to lead Apple to greater achievements in this new phase of development.