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Apple, the tech giant known for its innovative products and strong financial performance, has announced the elevation of Kevan Parekh to the position of Chief Financial Officer (CFO). This move follows the departure of Luca Maestri, who had held the role for nearly a decade. The announcement was made by Apple CEO Tim Cook, who lauded Parekh's contributions to the company's financial success.
In his statement, Cook emphasized Parekh's instrumental role in driving Apple's financial performance, improving its engagement with shareholders, and instilling a culture of financial discipline throughout the organization. Cook highlighted Parekh's commitment to long-term financial management, a quality that he believes will be crucial in navigating the evolving tech landscape.
Parekh, a seasoned executive with a long history at Apple, has been a key figure in the company's financial operations. He has been responsible for overseeing various aspects of Apple's financial strategy, including investor relations, treasury management, and accounting. His appointment as CFO is a testament to his expertise and leadership skills, signaling Apple's confidence in his ability to lead the company's financial operations into the future.
The change in leadership comes at a time of significant transition for Apple. The company is facing increasing competition in the smartphone market, while also exploring new avenues for growth in areas like augmented reality and the metaverse. Parekh's understanding of Apple's long-term financial strategy and his proven ability to navigate complex financial challenges will be crucial in driving the company's success in this dynamic environment.
Source: Apple elevates Kevan Parekh as chief financial officer