Apple announces CFO Luca Maestri will transition from his role on January 1, 2025; Kevan Parekh, Apple's VP of Financial Planning and Analysis, will become CFO
could this bring changes for its future releases? Sheezan Naseer / International Business Times : Who is Kevan Parekh; Indian-origin exec appointed Apple's New CFO Abhijeet Kumar / Business Standard : All you need to know about Kevan Parekh, Apple's new Indian-origin CFO Danny D'Cruze / Business Today : Who is Kevan Parekh? The successor to Apple's long-standing CFO Luca Maestri Iskra Petrova / PhoneArena : Apple CFO Luca Maestri to step down in 2025, succeeded by Kevan Parekh Saurabh Singh / Financial Express : Apple names Indian-origin Kevan Parekh as new CFO ahead of iPhone 16 launch Ali Salman / Wccftech : Apple CFO Luca Maestri Is Stepping Down From His Role But Not Leaving The Company, Reporting To Tim Cook On Corporate Services The Economic Times : Apple appoints Indian-origin Kevan Parekh as CFO: 10 things to know Vish Gain / Silicon Republic : Apple CFO Luca Maestri to be replaced by Kevan Parekh Aaron Tilley / Wall Street Journal : Apple's Top Finance Executive to Step Down Peter Nurse / Investing.com : Apple CFO, Paramount, Chinese industrial profits - what's moving markets Vilius Petkauskas / Cybernews.com : Apple swaps veteran CFO for company insider Ani / Times of Oman : Apple's next Chief Financial Officer is Indian-origin Kevan Parekh Livemint : Kevan Parekh to take over as Apple CFO after Luca Maestri steps down, who is the Indian American? All you need to know Hindustan Times : Indian origin Kevan Parekh is Apple's new CFO: Who is he? Ishan Patra / YourStory : Apple names Kevan Parekh as new CFO Shivam Verma / DNA India : Meet Kevan Parekh, Indian-origin man set to become new Apple CFO, will take over from Luca Maestri from... Pradeep Viswanathan / Neowin : Apple announces Kevan Parekh as its next Chief Financial Officer Moneycontrol : Apple names Kevan Parekh as CFO from Jan. Who is this Indian-origin executive? The Week : Who is Kevan Parekh? Apple CFO Luca Maestri's successor is of Indian origin Joe Wituschek / iMore : A key executive is stepping down at Apple Mike Wheatley / SiliconANGLE : Luca Maestri to step down as Apple CFO next year Martin Peers / The Information : Apple CFO Maestri to Step Down Mastodon: Steve Troughton-Smith / @stroughtonsmith … : I wouldn't want to be the Chief Financial Officer in a year where Apple has to record a $40B fine either, to be fair — https://www.apple.com/... X: @buccocapital : “We run very lean. We run the finances of Apple with a team 1/2 the size of a company 1/10th our size. I have an IR group of 2. The group that manages $230B of cash is 7 people. If we have the right people we don't need a lot of them” Legend @amendandpretend : Luca Maestri on running the Office of the CFO efficiently $AAPL [video] Gene Munster / @munster_gene : Saluting one the best, Apple's Luca Maestri will be wrapping up his CFO duties at the end of the year. What I am most impressed about is during his time at Apple gross margins have increased from ~37% to ~47%, which was a big part of $AAPL's 786% increase over the past decade. Kontra / @counternotions : Now that Apple has no obvious The Next Product™ category in the labs to introduce by the end of 2025, what happens to Tim Cook, does he a) leave b) make a huge-by-Apple-standards acquisition c) steer Apple into a new industry d) call on Scott Forstall Mark Gurman / @markgurman : If Tim Cook is signing up his semi-retiring executives to stay on in reduced roles, one can only imagine he's going to do the same when the time comes. The only real option for him though is executive chairman. That's what Jeff Bezos did at Amazon. Mark Gurman / @markgurman : It became increasingly clear to me that Parekh was in line to be the next Apple CFO when the company's other internal option — Saori Casey — left and then become the CFO of Sonos. https://www.bloomberg.com/... Mark Gurman / @markgurman : Apple doing anything it can to keep its top executives from retiring: Phil Schiller leaves as SVP of Marketing, becomes Apple Fellow of just the App Store. Dan Riccio leaves as SVP of Hardware, becomes VP of just Vision Pro. Now, Maestri leaves as CFO, keeps InfoTech/Real Estate. Mark Gurman / @markgurman : Apple says CFO Luca Maestri is leaving his role as CFO and being replaced by Kevan Parekh as of Jan. 1 2025. We've been reporting for months this was in the works. https://www.bloomberg.com/... Forums: r/apple : Apple announces Chief Financial Officer transition MacRumors Forums : Apple CFO Luca Maestri Stepping Down
Context & Ripple Effects
Apple had already used a continuity model for senior leadership: in 2020, Phil Schiller moved into an Apple Fellow role while Greg Joswiak took over worldwide marketing in a planned marketing leadership handoff. This finance transition follows that pattern, retaining the outgoing executive inside the company rather than making an abrupt break.
The move also becomes more meaningful in light of later coverage of executive churn, including Carol Surface's departure and the return of HR oversight to Deirdre O'Brien, and subsequent reporting that Apple was intensifying CEO succession planning. Together, those developments put unusual weight on the depth of Apple's leadership bench.
First-order effects
- Kevan Parekh moves from financial planning and analysis into the CFO role, making the executive closest to Apple’s internal planning process responsible for the company’s finance function.
- Luca Maestri remains at Apple in a corporate-services role reporting to Tim Cook, preserving institutional knowledge during the handoff.
Second-order effects
- Investors, suppliers and internal operating teams gain continuity rather than a wholesale reset in financial leadership, because the successor comes from Apple’s existing planning organization.
- The appointment makes Apple’s internal finance bench more visible as a succession pipeline, while later executive changes increase scrutiny of how broadly that model extends across the company.
Third-order effects
- If Apple continues pairing internal promotions with retained advisory roles, senior succession could become a more deliberate mechanism for maintaining operating continuity rather than a one-off executive event.
- As leadership transitions accumulate—including later reported CEO succession planning—the resilience of Apple’s executive bench becomes a more material governance question for the company and its investors.
The trend: Apple is increasingly being evaluated not just on individual executive changes, but on whether its internal succession system can sustain continuity across a broader leadership transition cycle.