FILE - In this Tuesday, May 21, 2013, file photo, Apple chief financial officer Peter Oppenheimer, testifies on Capitol Hill in Washington. Oppenheimer will retire in September 2014 and will be replaced by the company's corporate controller. The announcement Tuesday, March 4, 2014, comes one day after Goldman Sachs named Oppenheimer as one of its 13 board members. (AP Photo/J. Scott Applewhite, File)
Apple CFO to retire, successor named
The Associated Press
First Published Mar 04 2014 08:45 am • Last Updated Jun 23 2014 05:27 pm
Cupertino, Calif. » Apple’s longtime Chief Financial Officer Peter Oppenheimer will retire in September and he’ll be replaced by the company’s corporate controller.
The announcement Tuesday comes one day after Goldman Sachs named Oppenheimer as one of its 13 board members.
Oppenheimer, who has been CFO for the past decade, will begin transferring responsibilities to Luca Maestri in June.
Apple CEO Tim Cook says the company knew Maestri would ultimately succeed Oppenheimer when it recruited him as corporate controller a year ago. Maestri has more than 25 years of experience in senior financial management.
He has served as CFO at both Nokia Siemens Networks and Xerox.
Oppenheimer joined Apple in 1996 as controller for the Americas.
Apple Inc. is based in Cupertino, California.
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