Kevan Parekh Biography: Kevan Parekh was born in 1972 in Mumbai, India. He grew up in a middle-class family that valued education. His father was an engineer and his mother a teacher. These influences shaped his strong work ethic and academic aspirations.
Education
Parekh attended the University of Mumbai, where he earned a Bachelor of Engineering in Electrical Engineering. He later moved to the United States for further studies. He completed his MBA at the University of Michigan in 1999. This education provided him with a solid foundation in both engineering and business.
Kevan Parekh's Profile
| 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 |
| Height | 5 feet 8 inches |
| Weight | 72 KG |
| Residence | California, United States |
| Family | Married with children; details about immediate family are private |
| Appointment as CFO | Announced on August 27, 2024; takes effect on January 1, 2025 |
| Notable Achievements | Over 11 years at Apple; instrumental in financial planning and analysis |
| Current Responsibilities | Overseeing financial strategy, investor relations, and general administrative expenses |
Early Career
After completing his education, Kevan began his career at General Motors (GM). He held various roles, including Director of Business Development in New York and Regional Treasurer in Zurich, Europe. His time at GM helped him understand large corporations and global markets.
Following GM, he worked at Thomson Reuters for four years. There, he served as Vice President of Finance, which enhanced his skills in financial management and corporate strategy.
Journey at Apple
In 2013, Kevan joined Apple. He started in finance and product marketing. Over the years, he took on more responsibilities, including overseeing financial planning and analysis. His dedication and expertise led him to become Vice President of Financial Planning and Analysis.
During his time at Apple, he played a crucial role in managing the company’s finances. He worked closely with different teams, ensuring that Apple’s financial health remained strong. His contributions were vital as Apple continued to innovate and grow.
Appointment as CFO
On August 27, 2024, it was announced that Kevan Parekh would become Apple’s Chief Financial Officer (CFO) starting January 1, 2025. He succeeds Luca Maestri, who has been with Apple for many years. This transition is part of a planned succession, and Parekh has been groomed for this role.
Tim Cook, Apple's CEO, praised Parekh’s intelligence and financial expertise. He stated that Parekh understands Apple deeply and is well-suited for the CFO position. This new role will involve overseeing Apple’s financial strategy and investor relations.
Kevan Parekh's Professional Life and Net Worth
| Net Worth | Information |
|---|---|
| Net Worth | Estimated between $5 million and $15 million |
| Primary Income Source | Salary as Chief Financial Officer (CFO) of Apple, along with bonuses and stock options |
| Salary | Expected to be between $1 million and $2 million annually starting January 1, 2025 |
| Branding | Known for his financial leadership at Apple and previous roles at Thomson Reuters and GM |
| Property Collection | Details not publicly available |
| Car Collection | Details not publicly available |
Personal Life
Kevan Parekh keeps his personal life private. He is married and has children. Family support has been important to him throughout his career. He emphasizes the value of a strong family background in achieving professional success.
Kevan Parekh's Parents, Family
| Family | Information |
|---|---|
| Father | Former Engineer |
| Mother | Teacher |
| Brother/Sister | Details not publicly available |
| Marital Status | Married |
| Wife | Details not publicly available |
| Children | Has children, details not publicly available |
| Marriage Date | Details not publicly available |