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Apple appoints Kevan Parekh as new CFO, effective January 1, 2025, replacing Luca Maestri.
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Parekh, a long-time Apple employee, will join the company’s top leadership team and manage finances.
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The leadership change comes ahead of the iPhone 16 series launch on September 9, featuring significant AI updates.
Apple has announced Kevan Parekh as its new Chief Financial Officer (CFO), effective January 1, 2025. Parekh, a long-time Apple employee, will replace Luca Maestri, who will remain at Apple in a different role. This change in leadership comes as Apple prepares for a significant product launch season, including the iPhone 16 series, which will feature major updates in artificial intelligence (AI).
Parekh has worked at Apple for over ten years, most recently as Vice President of Financial Planning and Analysis. As CFO, he will join Apple’s top leadership team and manage the company’s finances. Analysts believe this transition has been carefully planned, ensuring stability at the company. Parekh is expected to continue managing Apple’s finances carefully and may explore acquiring other companies to drive growth.
The iPhone 16 series launch on September 9 is crucial for Apple, as the company aims to boost slowing global sales, particularly in China, and keep up with competitors who have already introduced AI features. The new series will feature four models: iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max, with significant updates in size, chipset, and AI capabilities.
