Meet Kevan Parekh, new right-hand of Apple CEO Tim Cook, he has joined company as…., his salary is Rs…

New Delhi: Kevan Parekh has been appointed as the brand new chief monetary officer of Apple Inc. effective January 1, 2025. According to the stories, Parekh will win an annual salary of USD 1 million (Rs 8.57 crore). He joined Apple in June 2013 and has previously held roles equivalent to vice president of monetary planning and analysis and vice president of finance for gross sales, advertising and marketing and marketing, and retail.

Parekh served in senior management positions at Thomson Reuters and Frequent Motors, prior becoming a member of Apple. He succeeds Luca Maestri as part of the firm’s CFO transition notion.

Apple had presented on August 27, 2024 Parekh as its new chief monetary officer. In an announcement, Tim Cook dinner, the firm’s chief govt officer (CEO), stated, “For extra than a decade, Kevan has been an valuable member of Apple’s finance management crew, and he understands the firm interior and outside. His interesting intellect, wise judgment, and monetary brilliance get him one of the most suitable choice to be Apple’s subsequent CFO.”

“As part of Apple Inc.’s (“Apple’s”) previously presented Chief Monetary Officer transition notion, Apple’s Board of Directors appointed Kevan Parekh, fifty three, as Apple’s Senior Vice President, Chief Monetary Officer, effective January 1, 2025. Mr. Parekh succeeds Luca Maestri in the role of CFO,” Apple stated in Set-8K file with the United States Securities and Alternate Charge.

Apple additionally revealed added that Parekh’s annual compensation has been increased and now stands at $ 1 million.

“Mr. Parekh’s annual salary used to be increased to $1 million, effective January 1, 2025, and he's eligible to rob part in the Apple Inc. Govt Cash Incentive Opinion for fiscal year 2025 on the the same basis as Apple’s utterly different named govt officers, with a target opportunity of 175% of scandalous salary in step with his time in his respective roles for fiscal year 2025,” stated Apple to SEC.

All You Want To Know About Kevan Parekh:

• Kevan Parekh used to be born in 1972.  He holds a Bachelor of Science in Electrical Engineering from the College of Michigan and an MBA from the College of Chicago.
• Kevan Parekh has additionally labored with Thomson Reuters and Frequent Motors, along with his job’s fundamental focal level in regions throughout Europe and Asia.
• He pursued his education from Michigan and Chicago.
• Kevan Parekh graduated with a Bachelor of Science in Electrical Engineering from the College of Michigan
• He earned an MBA from the College of Chicago.
• He has over twenty years of trip leading worldwide finance teams at main companies.