Indian-origin Kevan Parekh to be Apple’s new CFO in 2025: All that you must know concerning the new chief

Kevan Parekh shall be Apple’s new chief monetary officer (CFO) beginning subsequent 12 months, changing present CFO Luca Maestri. This vital change will take impact on January 1, 2025, when Maestri leaves his place on the iPhone maker. Kevan Parekh is an Indian-born electrical engineer who has beforehand labored in management roles at Thomson Reuters and Normal Motors.

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Kevan Parekh: The brand new Indian-origin chief at a world tech big

Kevan Parekh isn’t any newcomer to Apple; in actual fact, he has served as vice chairman of Apple’s Finance and Product Advertising and marketing workforce in Cupertino. Parekh has been with Apple for over 11 years, having joined the tech big in June 2013 after 4 years at Thomson Reuters.

Previous to becoming a member of Thomson Reuters, he labored for Normal Motors, the place he was Director of Enterprise Growth within the New York Treasurer’s Workplace and in addition served as Regional Treasurer for Normal Motors in Zurich.

Parekh holds an MBA from the College of Chicago and a Bachelor of Science from the College of Michigan.

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Here is what Apple CEO Tim Prepare dinner needed to say

Apple CEO Tim Prepare dinner praised Parekh for the transfer, saying, “For greater than a decade, Kevan has been an indispensable member of Apple’s monetary management workforce and understands the corporate in and out. His eager mind, smart judgment and monetary brilliance make him the right option to be Apple’s subsequent CFO.”

Luca Maestri isn’t one of many key executives leaving Apple. He’ll retain his place accountable for the Company Companies, Data Methods, Data Safety and Actual Property Growth groups. He will even report on to Tim Prepare dinner.

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