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Kevan Parekh

Chief Financial Officer (CFO) at Apple
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

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