Kevan Parekh

Apple's chief financial officer

Kevan Parekh is chief financial officer of Apple and, according to the company's leadership page, reports to chief executive John Ternus. He oversees accounting, financial planning and analysis, treasury, investor relations, internal audit and tax, along with Corporate Services, which covers information technology, information security, real estate, the Caffe Macs cafeterias and the Claris software unit.^[1]

He became CFO on January 1, 2025, succeeding Luca Maestri. Apple announced the planned succession on August 26, 2024, describing Parekh as vice president of financial planning and analysis at the time, and saying Maestri would continue to lead Corporate Services reporting to then-chief executive Tim Cook.^[2]

Joining Apple and moving up through finance

Parekh joined Apple in 2013. The 2024 announcement said he had been at the company for 11 years and, at that point, led financial planning and analysis, G&A and benefits finance, investor relations and market research. Earlier he led worldwide sales, retail and marketing finance, and he began his Apple career supporting finance for product marketing, internet sales and services, and engineering. Apple's leadership page adds that he supported teams including engineering, iTunes, marketing, retail and sales, and that he has played a central role in the company's financial, business and product development planning.^[1][2]

Before Apple

Before joining Apple, Parekh held senior leadership roles at Thomson Reuters and General Motors, including assignments in Europe and Asia, according to Apple. The company says he has more than 20 years of experience leading global finance teams.^[1][2]

Education

Parekh holds a bachelor's degree in electrical engineering from the University of Michigan and an MBA from the University of Chicago, as stated in both Apple's leadership biography and its 2024 announcement.^[1][2]

Operating through a CEO transition

In April 2026 Apple announced that Tim Cook would step down as chief executive in September and become executive chairman, with Ternus, a longtime hardware executive, succeeding him. Fortune's coverage of the May 1, 2026 earnings call reported Ternus calling Parekh a strategic partner and saying the two intended to maintain Apple's financial discipline after the handover. By the time of Apple's October 2026 announcement of its next earnings date, Ternus was described as the new chief executive, and Parekh and Ternus were scheduled to host the fiscal fourth-quarter call together on November 2, 2026.^[3][5]

The numbers he reports

Fortune reported that for the fiscal second quarter of 2026, Apple's revenue was $111.2 billion, up 17 percent, with diluted earnings per share of $2.01, up 22 percent. iPhone revenue was $57 billion, up 22 percent, and Services reached a record $30.9 billion, compared with $26.6 billion a year earlier. Parekh also guided fiscal third-quarter growth of 14 to 17 percent and reaffirmed Apple's capital allocation approach: invest in research and development for organic growth, return excess cash through dividends and buybacks, and aim to be net cash neutral over the long term. He said artificial intelligence remains an important investment area that Apple will pursue incrementally.^[3]

For the fiscal third quarter, ended June 27, 2026, Apple reported revenue of $109.4 billion, up 16 percent, and diluted earnings per share of $2.02, up 29 percent, including a $0.11 benefit from tariff refunds. In the release, Parekh described a quarter with June-quarter highs for earnings per share and operating cash flow and an active device base at an all-time high in every major product category and region.^[4]

Why he matters

Apple's CFO sets the pace for how a roughly $4 trillion company, as Fortune describes it, balances investment in AI and products against capital returns, and he does so at a moment when the chief executive role is changing hands for the first time in 15 years. Parekh is an internal appointment who grew up in the company's business-unit finance teams, which gives continuity to the financial approach Maestri built. During Maestri's tenure, Apple said, revenue more than doubled and services revenue grew more than fivefold.^[2][3]

On The Executive List

Kevan Parekh is ranked No. 50 on The Executive List (October 2026) in the Chief Financial Officers discipline. The ranking reflects The Executive Review's own editorial Trending Score; it is not an outside award, and placement on the list is never sold. View the October 2026 edition.