The Ledger ResearchPrivate

The Front Office

Scouting report · AAPL

Kevan Parekh

  • Senior Vice President, Chief Financial Officer, AAPL since 2025-01src

Apple's CFO since January 2025; in Apple finance since 2013

—thin record

Not ranked yet

Scouting sheet

as of 24 Sep 2026
Delivers guidance—no promises on the record yet
Answers the question—no call reviewed yet
Capital allocation—company not reviewed yet
Pay design100revenue, operating income, relative tsr, time only · 91.4% for · 0.02% of net income
Skin in the game—no holding or price on file
Age
54src
In the role
2 yr
Promises scored
0
Hit rate
—
Dodges / 100 answers
—
Airtime on calls
—
Every promise, oldest firstno scored promises yet

What to weigh

Watch 3

  • The FY2025 cash plan's targets sat at or below the prior year's actuals: net sales target $391bn against FY2024's roughly $391.0bn, operating income target $118.5bn against roughly $123.2bn. Both paid at the 200% maximumsrc
  • Pay measures growth and share price only: the bonus pays on GAAP net sales and operating income, and the performance units pay on relative TSR. No return-on-capital measuresrc
  • Holds few shares outright: 8,765 at 2026-01-02 against 203,473 unvested RSUs, and he sells part of each vesting under 10b5-1 planssrc

In their favour 1

  • Say-on-pay drew 91.4% at the February 2026 meeting; the proxy says each 2025 NEO holds more than the 3x-salary ownership guideline, and hedging and pledging are bannedsrc

Career

  1. 2025 – now
    Applesrc
    Senior Vice President, Chief Financial Officer
    Oversees accounting, business support, FP&A, treasury, investor relations, internal audit and tax (DEF14A-2026)
  2. 2013 – 2024
    Applesrc
    Vice President, Financial Planning and Analysis; earlier Vice President, Worldwide Finance for Sales, Marketing, and Retail
    Joined June 2013. The proxy and the appointment 8-K name both roles without dates, so the split between them is not sourced
  3. 2009 – 2013
    Thomson Reuterssrc
    Senior finance roles (reported as VP Finance and Corporate Treasurer)
    The filings say only 'various senior leadership roles at Thomson Reuters and General Motors'; dates and titles from a search summary
  4. 2000 – 2009
    General Motorssrc
    Finance roles (reported as business development director, later regional treasurer, GM Europe)
    Dates and titles from a search summary only

Not located: Dates of his two Apple VP roles (2013-2024) are not in any filing; Thomson Reuters and General Motors dates and titles (about 2000-2013) rest on search summaries only

Achievements

  • Promoted to CFO from Vice President of Financial Planning and Analysis in a succession announced four months ahead; joined the executive team on 2025-01-01src
  • First year as CFO: FY2025 net sales of $416.2bn (+6%) and operating income of $133.1bn (+8%), both above the cash plan's maximum goalssrc
  • Apple's GAAP net income was $93.7bn in FY2024 and $112.0bn in FY2025src
  • More than eleven years in Apple finance before the CFO job, including running finance for sales, marketing and retailsrc

Education

  • University of Michigan, BS Electrical engineeringsrc
  • University of Chicago (Booth School of Business), MBA Business administrationsrc

Background

  • Family The appointment 8-K states no family relationship with any Apple director or executive officer and no Item 404(a) related-party transaction; the 2026 proxy says there are none among officers and directorssrc
  • Boards No outside public-company directorship is disclosed in the 2026 proxy's executive-officer sectionsrc

The promise ledger

No promise on the record yet: the research routine has not scored this company's guidance.

Sources

11
  1. Filing Apple Inc. DEF 14A (2026 annual meeting; FY2025 pay; executive officer bios; beneficial ownership at 2026-01-02) (0001308179-26-000008) · 2026-01-08
  2. Filing Apple Inc. 8-K Item 5.02, Maestri to leave the CFO role; Parekh to become CFO (0001140361-24-038601) · 2024-08-26
  3. Filing Apple Inc. 8-K Item 5.02, Parekh appointed SVP & CFO effective 2025-01-01 (0001140361-25-000228) · 2025-01-03
  4. Filing Apple Inc. 8-K Item 5.07, 2026 annual meeting results (0001140361-26-006577) · 2026-02-24
  5. Filing SEC XBRL companyconcept us-gaap/NetIncomeLoss, CIK 320193 (FY2025 10-K 0000320193-25-000079) · 2025-10-31
  6. Filing Form 4, Kevan Parekh, FY2026 RSU grants of 2025-09-28 (48,932 time + 48,932 performance at target) (0002050912-25-000006) · 2025-09-30
  7. Filing Form 4, Kevan Parekh, RSU vesting, tax withholding and 10b5-1 sales of 2025-10-15/16 (0002050912-25-000008) · 2025-10-17
  8. Filing Form 4, Kevan Parekh, RSU vesting and tax withholding of 2026-04-15, no sales (0001140361-26-015420) · 2026-04-17
  9. Filing Form 4, Kevan Parekh, 10b5-1 sale of 2026-04-23 (0001140361-26-017175) · 2026-04-27
  10. Web search result WebSearch: Wikipedia, Kevan Parekh (University of Michigan BSEE; Chicago Booth MBA; Thomson Reuters and General Motors before Apple) · 2026-09-24
  11. Web search result WebSearch: Grokipedia, Kevan Parekh (GM 2000-2009 incl. regional treasurer GM Europe; Thomson Reuters 2009-2013, VP Finance and Corporate Treasurer) · 2026-09-24