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Tuesday, March 4, 2014

Apple veteran Peter Oppenheimer to retire from CFO role this year

Peter Oppenheimer, Apple’s senior vice president and Chief Financial Officer, says he will retire at the end of September this year. He’ll be replaced by Luca Maestri, who’s currently vice president of Finance and corporate controller at Apple.

It’s 18 years since Peter Oppenheimer joined Apple; he was appointed as controller for the Americas in 1996 and held a number of other roles before being promoted to the position of CFO. Luca Maestri was previously CFO at both Nokia Siemens Networks and Xerox before joining Apple last year.

Tim Cook, Apple CEO, said “Peter has served as our CFO for the past decade as Apple’s annual revenue grew from $8 billion to $171 billion and our global footprint expanded dramatically. His guidance, leadership and expertise have been instrumental to Apple’s success, not only as our CFO but also in many areas beyond finance, as he frequently took on additional activities to assist across the company. His contributions and integrity as our CFO create a new benchmark for public company CFOs. Peter is also a dear friend I always knew I could count on. Although I am sad to see him leave, I am happy he is taking time for himself and his family. As all of us who know him would have expected, he has created a professional succession plan to ensure Apple doesn’t miss a beat.”

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Author: The Fonecast
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