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    Kevan Parekh

    Chief Financial Officer (CFO) at Apple Inc
    Since January 1, 2025
    Age
    53 years
    Tenure
    Joined in June 2013, held vice president roles in Financial Planning and Analysis as well as Worldwide Finance for Sales, Marketing, and Retail, and was promoted to Chief Financial Officer and Senior Vice President on January 1, 2025.

    Also at Apple Inc

    About

    Kevan Parekh is the Chief Financial Officer and Senior Vice President at Apple Inc., currently aged 53. He is recognized for his extensive background in financial leadership and management, overseeing key functions such as accounting, treasury, investor relations, internal audit, and tax functions.

    He began his career at Apple in June 2013, where he held several critical roles including Vice President of Financial Planning and Analysis as well as Vice President of Worldwide Finance for Sales, Marketing, and Retail. His contributions in these roles paved the way for his seamless transition into the executive leadership team.

    His appointment as CFO on January 1, 2025 marked a significant milestone in his career as he succeeded his predecessor with a focused approach on enhancing financial strategy and operational excellence at Apple.

    Prior to his tenure at Apple, he held senior leadership positions at Thomson Reuters and General Motors, where he honed his skills in managing large-scale financial operations. This diverse experience has been instrumental in shaping his approach to driving the company’s financial success.

    Past Roles

    OrganizationRoleDate RangeDetails
    Apple Inc. Vice President, Worldwide Finance for Sales, Marketing, and Retail N/AHeld before becoming Chief Financial Officer (CFO)
    Apple Inc. Vice President, Financial Planning and Analysis N/AHeld before becoming Chief Financial Officer (CFO)
    Thomson Reuters Senior Leadership Role N/AHeld prior to joining Apple
    General Motors Senior Leadership Role N/AHeld prior to joining Apple

    Fixed Compensation

    Data from  FY 2025
    Component Name Amount Payment Schedule Additional Details
    Base Salary$1,000,000 Annual, effective January 1, 2025 Fixed annual base salary
    Time-Based RSUs36,767 RSUs Vest in equal installments on April 1, 2027, April 1, 2028, and April 1, 2029 Awarded under the Apple Inc. 2022 Employee Stock Plan

    Performance Compensation

    Data from  FY 2025

    Annual Cash Incentive Plan

    Metric Details
    Performance MeasuresNet Sales and Operating Income
    Payout StructureThreshold: 50% of the target payout <br>Target: 100% of the annual base salary ($1,000,000) <br>Maximum: 200% of the target payout
    Target Opportunity175% of base salary, prorated for fiscal 2025
    Evaluation PeriodFiscal Year 2025
    Payout CalculationLinear interpolation between threshold and target; no payout if threshold is not achieved

    Performance-Based RSUs

    Metric Details
    Performance MeasureRelative Total Shareholder Return (TSR) versus companies in the S&P 500
    Evaluation PeriodSeptember 29, 2024 – September 25, 2027
    Vesting ScheduleScheduled to vest on October 1, 2027
    Vesting ConditionsBelow 25th percentile: 0% of RSUs vest <br>25th percentile: 25% of RSUs vest <br>55th percentile (Target): 100% of RSUs vest <br>85th percentile or above: 200% of RSUs vest <br>If TSR is negative, vesting is capped at 100%
    Grant DetailsGrant Date: Not explicitly specified (similar awards granted on October 1, 2023) <br>Grant Date Fair Value/Stock Price: Not provided
    Additional DetailsDividend equivalents are payable only if performance conditions are met; TSR is calculated using a 20-trading-day averaging period