Apple Inc.
Apple Inc. Appoints New CFO
Summary
Apple Inc. has appointed Kevan Parekh as its new Senior Vice President and Chief Financial Officer, effective January 1, 2025. Parekh succeeds Luca Maestri in this role and brings over a decade of experience at Apple, having joined the company in 2013. His compensation includes an annual salary of $1 million and participation in the Apple Inc. Executive Cash Incentive Plan with a target opportunity of 175% of his base salary. Parekh was also awarded restricted stock units as part of his compensation package.
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About Apple Inc.
Apple Inc. is a leading corporation renowned for crafting and delivering a diverse array of technology products on a global scale. Specializing in consumer electronics, Apple’s flagship products include the iPhone, a series of smartphones that have significantly influenced mobile communication. Complementing this is their line of Mac computers, which blend powerful processors with the macOS operating system distinguished for its sleek design and robust performance. Apple also offers iPad tablets, noted for their versatility in both personal and professional settings, and wearables such as AirPods and the Apple Watch, which have expanded the company's reach into the personal accessories market. Beyond hardware, Apple operates a robust ecosystem of services like the App Store, a digital distribution platform for apps, and Apple Music, a significant player in the music streaming industry. By constantly innovating in hardware and digital services, Apple Inc. maintains its stature within the consumer technology sector and continues to wield substantial influence over market dynamics and consumer tech trends worldwide.
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