Apple has named Indian origin executive Kevan Parekh as its chief financial officer as part of a planned succession plan. He succeeds Luca Maestri, who will transition from his role effective January 1, next year.
Parekh, who is currently VP (financial planning and analysis), will become CFO & join the executive team, Apple said. Parekh has emerged as the latest addition to the growing roster of Indian-origin CFOs who are making their mark in global corporations. Tesla’s Vaibhav Taneja and Palo Alto Networks’ Dipak Golechha are among a growing tribe of such professionals who are taking the top finance roles in global firms.
Tesla’s Vaibhav Taneja and Palo Alto Networks’ Dipak Golechha are among a growing tribe of such professionals who are increasingly taking the top finance roles in global companies. Several Indian-origin CEOs are at the helm of big tech companies, a list that has grown over the years.
Kevan Parekh, who has been with Apple for 11 years, currently oversees financial planning and analysis, benefits finance, investor relations and market research. Previously, he managed the financial support for worldwide sales, retail and marketing finance, as well as product marketing, internet sales and services and engineering teams. He will join the company’s executive leadership team and report directly to CEO Tim Cook.
“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,” Cook said in a statement.
Prior to his career at Apple, Parekh held various senior leadership positions at Thomson Reuters and General Motors. An alumnus of the University of Michigan and an MBA from the University of Chicago, Parekh has a strong educational background.
