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Apple CFO Oppenheimer to Retire

March 4, 2014
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The chief financial officer of Apple, Peter Oppenheimer, will retire at the end of September, with Luca Maestri, Apple’s vice president of Finance and corporate controller, succeeding him, the company announced Tuesday.

“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,”  Tim Cook, Apple's CEO, said in a statement.

“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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