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Apple Announces CFO Transition: Kevan Parekh to Succeed Luca Maestri

Author

Slice of Finance Team
04 Sep

Key Highlights:

  • Luca Maestri to step down as CFO on January 1, 2025.

  • Kevan Parekh to succeed Maestri and join Apple’s executive team.

  • Maestri to continue leading Corporate Services under CEO Tim Cook.

  • Tim Cook praises Maestri's impact on Apple's financial performance.

Source (Business Wire)

Notable Quotes:

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"Luca has been an extraordinary partner in managing Apple for the long term. He has been instrumental in improving and driving the company’s financial performance."

Tim Cook, CEO at Apple
❝

"It is the greatest privilege of my professional life to serve the world’s most innovative and admired company."

Luca Maestri, Current CFO at Apple

Our Take:

Apple's planned transition of financial leadership reflects the company's commitment to maintaining its robust financial performance and strategic growth. With Luca Maestri continuing in a vital leadership capacity, the transition to Kevan Parekh as CFO appears to be a seamless shift, ensuring that Apple remains well-positioned for future success. Parekh's extensive experience within Apple and his background in global finance make him a strong choice to drive the next phase of Apple's financial strategy. This move underscores Apple's forward-thinking approach to leadership succession, securing continuity and stability at the top levels of its financial management.