Kevan Parekh Biography : Kevan Parekh is an influential figure in the technology sector, recently appointed as the Chief Financial Officer (CFO) of Apple Inc., succeeding Luca Maestri. With a career spanning over two decades in finance and operations, Parekh has made significant contributions to the companies he has worked for, particularly during his 11-year tenure at Apple. His appointment as CFO marks a pivotal moment in his career, positioning him to play a crucial role in guiding one of the world’s most valuable companies. This biography delves into his early life, career trajectory, family background, and the interesting facts that define his professional persona.
Personal Information
| Title | Details |
|---|---|
| Name | Kevan Parekh |
| Date of Birth | 1972 |
| Age | 52 years |
| Hometown | Mumbai, India |
| Occupation | Chief Financial Officer (CFO) |
| Company | Apple Inc. |
| Education | MBA from the University of Michigan, B.E. in Electrical Engineering from the University of Mumbai |
| Previous Positions | Vice President of Financial Planning and Analysis at Apple, Senior roles at Thomson Reuters and General Motors |
Early Life and Family
Kevan Parekh was born in Mumbai, India, in 1972. Growing up in a middle-class family, he was instilled with values of hard work and education from a young age. His father worked as an engineer, while his mother was a teacher, both of whom played a significant role in shaping his academic and professional aspirations.
Parekh completed his early education in Mumbai before moving to the United States for higher studies. He earned a Bachelor of Engineering degree in Electrical Engineering from the University of Mumbai and later pursued an MBA from the University of Michigan. His academic background laid a strong foundation for his future career in finance and technology.
Kevan is known to maintain a close relationship with his family, although details about his immediate family are kept relatively private. He is married and has children, and he often emphasizes the importance of family support in his professional journey.
Career Path
Early Career
Before joining Apple, Kevan Parekh built a robust career at prominent companies such as Thomson Reuters and General Motors. At Thomson Reuters, he held various senior leadership roles, where he honed his skills in financial management and strategic planning. His experience at General Motors further solidified his expertise in finance, as he was involved in critical financial operations and decision-making processes.
Joining Apple
In 2013, Parekh joined Apple Inc. as part of the finance and product marketing team. Over the years, he has held several key positions within the company, including Vice President of Financial Planning and Analysis. His responsibilities included overseeing financial strategy, investor relations, and general administrative expenses. His extensive experience in finance and operations made him a valuable asset to the company.
Appointment as CFO
On August 27, 2024, Apple announced Kevan Parekh’s appointment as the new CFO, effective January 1, 2025. This decision followed Luca Maestri’s transition to a smaller role within the company. Parekh’s deep understanding of Apple’s financial landscape and his proven track record in financial leadership positioned him as the ideal candidate to take on this critical role. In his new capacity, he will report directly to CEO Tim Cook and will be responsible for guiding Apple’s financial strategy during a period of rapid innovation and market changes.
Interesting Facts
- Cultural Background: Kevan Parekh is of Indian origin, and his appointment as CFO of Apple highlights the growing influence of Indian professionals in global technology companies.
- Long Tenure at Apple: Having spent over 11 years at Apple, Parekh has witnessed significant changes and growth within the company, contributing to its financial strategies during pivotal moments.
- Educational Achievements: Parekh’s academic journey from India to the United States exemplifies the potential for success through education and hard work. His MBA from the University of Michigan is particularly notable, as it is one of the leading business schools in the world.
- Leadership Style: Known for his collaborative approach, Parekh emphasizes teamwork and open communication within his teams, fostering an environment conducive to innovation and growth.
- Passion for Technology: Beyond finance, Kevan has a keen interest in technology and its impact on society, which aligns perfectly with his role at Apple, a company at the forefront of technological advancement.
Net Worth
As of 2024, Kevan Parekh’s estimated net worth is approximately $5 million. His wealth primarily stems from his long career in finance, particularly his roles at Apple and other major corporations. As CFO, his compensation package is expected to include a substantial salary, bonuses, and stock options, reflecting his critical role in one of the world’s most valuable companies.
Conclusion Of Kevan Parekh Biography
Kevan Parekh’s journey from a young boy in Mumbai to the CFO of Apple Inc. is a testament to his hard work, dedication, and expertise in finance. His appointment as CFO marks a significant milestone in his career and reflects the trust that Apple has in his abilities to lead the company’s financial strategy. As he steps into this new role, Parekh is poised to make a lasting impact on Apple’s future, guiding the company through the complexities of the global market while upholding its legacy of innovation and excellence.
FAQ
What is Kevan Parekh’s age?
Kevan Parekh is currently 52 years old.
When was Kevan Parekh appointed as CFO of Apple?
Kevan Parekh was appointed as CFO of Apple on August 27, 2024, and will officially take over on January 1, 2025.
What is Kevan Parekh’s educational background?
Kevan Parekh holds a Bachelor of Engineering degree in Electrical Engineering from the University of Mumbai and an MBA from the University of Michigan.
What previous positions did Kevan Parekh hold before joining Apple?
Before joining Apple, Kevan Parekh held senior leadership roles at Thomson Reuters and General Motors.
What is Kevan Parekh’s estimated net worth?
As of 2024, Kevan Parekh’s estimated net worth is approximately $5 million.
Where was Kevan Parekh born?
Kevan Parekh was born in Mumbai, India.
What are Kevan Parekh’s responsibilities as CFO of Apple?
As CFO, Kevan Parekh will oversee Apple’s financial strategy, investor relations, and general administrative expenses, reporting directly to CEO Tim Cook.
Is Kevan Parekh involved in any philanthropic activities?
While specific details about his philanthropic efforts are not widely publicized, many executives in similar positions often engage in charitable activities and community support initiatives.
Check this out for more such biography
