Apple has announced a leadership change in its finance division, appointing Kian Parikh as the new Chief Financial Officer (CFO). Luca Maestri, who had served as Apple’s CFO since 2014, resigned from the position on January 1, 2025. He will now lead Apple’s Corporate Services teams, including Information Systems, Security, and Real Estate Development, and will report directly to CEO Tim Cook.
Kian Parikh’s Introduction:
- Previous Role: After spending 11 years at Apple, Kian Parikh served as the Vice President of Financial Planning and Analysis.
- Educational Background: He holds a Bachelor of Science degree in Electrical Engineering from the University of Michigan and an MBA from the University of Chicago Booth School of Business.
- New Role: As CFO, he will oversee Apple’s global financial strategy and investor relations.
- Salary: His annual salary will be $1 million, and he will be eligible for Apple’s Executive Cash Incentive Plan.
Tim Cook’s Statement:
CEO Tim Cook praised Luca Maestri’s contributions, highlighting his key role in doubling Apple’s revenue and growing service revenues fivefold.
