Apple has announced chief financial officer (CFO) and senior vice president Peter Oppenheimer will be retiring at the end of September after almost two decades with the company.
Oppenheimer joined Apple in 1996 as controller for the Americas, was promoted to vice president and worldwide sales controller, corporate controller and finally CFO.
His position will be filled by Luca Maestri, Apple’s vice president of finance and corporate controller.
“[Oppenheimer’s] 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,” said Apple chief executive officer (CEO), Tim Cook.
“I love Apple and the people I have had the privilege to work with and after 18 years here, it is time for me to take time for myself and my family,” said Oppenheimer.
“For quite some time, I have wanted to live on the central coast of California and get more involved at Cal Poly, my alma mater; spend more time with my wife and sons; travel to interesting parts of the world; and something I have wanted to do for years— finish the requirements for my pilot’s license.”
Before joining Apple, Maestri was CFO at Nokia Siemens Networks and Xerox.
“Luca has over 25 years of global experience in senior financial management, including roles as a public company CFO, and I am confident he will be a great CFO at Apple,” said Cook.
