• iPhone maker Apple has named Kevan Parekh as its new Chief Financial Officer (CFO).

• Kevan Parekh is Apple’s Vice President of Financial Planning and Analysis.

• Parekh, 52, will take over the baton from Apple veteran Luca Maestri, who will transition from his role on January 1, 2025.

• Maestri will continue to lead the Corporate Services teams, including information systems and technology, information security, and real estate and development, reporting to Apple CEO Tim Cook.

• Parekh is an electrical engineer with a Bachelor of Science from the University of Michigan and an MBA from the University of Chicago. 

• Before joining Apple, Parekh held various senior leadership roles at Thomson Reuters and General Motors, where he also had extensive global experience.

• He has been at Apple for 11 years and currently leads Financial Planning and Analysis, G&A and Benefits Finance, Investor Relations, and Market Research. 

• Prior to this role, Parekh led Worldwide Sales, Retail, and Marketing Finance. 

• He began his tenure by leading the financial support of Apple’s Product Marketing, Internet Sales and Services, and Engineering teams.

• Over the past years, many Indian-origin executives have been named to the C-Suite positions of global companies.

• C-suite, or C-level, is a term used to describe the senior executives and managers at the top of a corporation, whose job titles start with “C”.

• The list includes Microsoft Chief Satya Nadella, Alphabet CEO Sundar Pichai, Adobe CEO Shantanu Narayen, Tesla CFO Vaibhav Taneja, among others.

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