How Much Does Apple Pay Its Indian-Origin CFO Kevan Parekh?

Last Updated: January 05, 2025, 14:12 IST

With Parekh entering the CFO duty, Apple intends to proceed its durable monetary technique under his advice.

Kevan Parekh, an Indian- beginning exec, has actually been assigned as the brand-new Chief Financial Officer (CFO) of Apple Inc., efficient January 1, 2025. Apple has actually validated that Parekh will certainly get a yearly income of $1 million (around Rs 8.57 crore). In enhancement to his base pay, Parekh is qualified to join Apple’s Executive Cash Incentive Plan for 2025.

Kevan Parekh’s Journey at Apple

Parekh signed up with Apple in June 2013 and has actually considering that held essential settings, consisting of Vice President of Financial Planning and Analysis and Vice President of Finance for Sales, Marketing, andRetail His payments to Apple’s monetary technique and procedures have actually placed him as an all-natural follower for the CFO duty.

Previous Experience

Before his period at Apple, Parekh held elderly management functions at Thomson Reuters and General Motors, where he refined his knowledge in monetary administration and business technique.

The CFO Transition

Parekh does well Luca Maestri, that has actually been Apple’s CFO considering that 2014. As component of the firm’s intended shift, Maestri will certainly handle a brand-new duty looking after Apple’s Corporate Services groups. His duties will certainly consist of handling info systems and modern technology, cybersecurity, and realty and growth.

Apple’s Board of Directors revealed Parekh’s visit as CFO via a regulative declaring with the united state Securities and Exchange Commission (SEC) on Friday.

“Kevan Parekh, 53, has been assigned as Apple’s Senior Vice President and Chief Financial Officer, efficient January 1, 2025,” the filing stated.

A New Chapter for Apple’s Finance Leadership

With Parekh stepping into the CFO role, Apple aims to continue its robust financial strategy under his guidance. Meanwhile, Maestri’s new responsibilities signal a shift toward strengthening Apple’s operational and technological infrastructure.

This announcement marks a significant milestone for Parekh, who now joins the ranks of Indian-origin leaders in top positions at global technology companies.