Apple Appoints Kevan Parekh as New CFO, Succeeding Luca Maestri

The leadership transition comes as Apple gears up for major product launches and aims to bolster AI capabilities.

Kevan Parekh, an 11-year Apple veteran, will assume the CFO role on January 1, 2025.
Luca Maestri will remain at Apple, overseeing corporate services including IT and real estate.
Analysts expect a seamless transition, highlighting Parekh's deep understanding of Apple's operations.
Apple's upcoming product launches will feature significant AI upgrades aimed at revitalizing iPhone sales.
The company has seen substantial growth under Maestri, with revenue more than doubling during his tenure.