French-Italian car maker Stellantis has denied a report in the Corriere della Sera daily that it planned to name outgoing Apple finance chief Luca Maestri as its new chief executive.
“It is not true,” a spokesperson for Stellantis told Reuters, after Corriere reported that Stellantis Chairman John Elkann planned to name Maestri following the departure of CEO Carlos Tavares.
In August Apple announced that Chief Financial Officer Maestri will transition from his role on January 1, 2025.
He’ll continue to lead the Corporate Services teams, including information systems and technology, information security, and real estate and development, reporting to Apple CEO Tim Cook. As part of a planned succession, Kevan Parekh, Apple’s Vice President of Financial Planning and Analysis, will become Chief Financial Officer and join the executive team.
According to Apple CEO Tim Cook, during his time as CFO, Maestri enabled essential investments and practiced robust financial discipline, which together helped the company more than double its revenue, with services revenue growing more than five times.
Parekh has been at Apple for 11 years and currently leads Financial Planning and Analysis, G&A and Benefits Finance, Investor Relations, and Market Research. Prior to this role, Parekh led Worldwide Sales, Retail, and Marketing Finance. He began his tenure leading the financial support of Apple’s Product Marketing, Internet Sales and Services, and Engineering teams.
Before joining Apple, Parekh held various senior leadership roles at Thomson Reuters and General Motors, where he also had extensive global experience. Parekh is an electrical engineer with a Bachelor’s of Science from the University of Michigan and an MBA from the University of Chicago.
