Apple appoints Kevan Parekh as CFO effective Jan 1, 2025, succeeds Luca Maestri

Apple Inc.

Kevan Parekh named Senior VP, CFO, effective January 1, 2025; succeeds Luca Maestri.
Annual salary set at $1 million; eligible for cash incentive plan at 175% of base salary target.
Awarded 36,767 performance-based RSUs (vest Oct 1, 2027) and 36,767 time-based RSUs (vest in equal installments 2027-2029).
Performance-based RSUs tied to Apple's total shareholder return vs S&P 500; 0%-200% of target may vest.
Parekh joined Apple in 2013; prior roles at Thomson Reuters and General Motors.

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