In a significant move, tech giant Apple Inc. has announced the appointment of an Indian-origin engineer as its new Chief Financial Officer (CFO). Kevan Parekh, who has been instrumental in shaping Apple’s financial strategies, will assume the role starting from the new year.
Parekh’s appointment marks a historic milestone, as he replaces Luca Maestri, who has served as CFO since 2014. This decision reflects Apple’s commitment to fostering a diverse and inclusive leadership team. Parekh’s extensive experience in various departments within Apple, including worldwide sales, retail, and marketing, positions him well for his new role.
With a strong background in finance, having worked at prominent firms like Thomson Reuters and General Motors, Parekh brings a wealth of expertise to the table. His MBA from Chicago University further solidifies his qualifications.
Tim Cook, Apple’s CEO, expressed his confidence in Parekh’s abilities, stating that he is the ideal candidate for the CFO position. Parekh’s direct reporting to Cook underscores the company’s high regard for his leadership skills.
This appointment reinforces the trend of Indian-origin individuals occupying top leadership roles in major technology companies. Google, Microsoft, and other tech giants have also embraced Indian talent, recognizing their contributions to innovation and business success. Kevan Parekh’s appointment adds another feather to the cap of Indian-origin professionals making significant strides in the global tech industry.
