(The Hosting News) – Apple’s Chief Financial Officer and Senior Vice President, Peter Oppenheimer, will retire at the end of September, ending his 18 year career at the Cupertino, California based company.
Luca Maestri, current VP of Finance and Corporate Controller will succeed Oppenheimer as CFO, starting the transition in June, announced Apple early Tuesday.
During Oppenheimer’s years as CFO, Apple saw an annual revenue increase from $8 billion to $171 billion, as well as the company globally expanding its products.
“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,” said Tim Cook, Apple CEO.
Maestri recently started working at Apple and has over 25 years of experience in senior financial management. He will oversee the controller, treasury, investor relations tax, information systems, and internal audit and facilities functions.
“When we were recruiting for a corporate controller, we met Luca and knew he would become Peter’s successor. His contributions to Apple have already been significant in his time with us and he has quickly gained respect from his colleagues throughout the company,” added Cook.
In a statement, Oppenheimer said during his retirement he wants to spend more time with his family, travel, get more involved with Cal Poly, and finish his pilot’s license.
|Caronet Dedicated Servers - Experience Elite Infrastructure and Enterprise Hardware|
* 99.999% Uptime SLA Guarantee with 24 x 7 x 365 Support
* Enterprise Dell Brand Baremetal Servers
* Dedicated 2.0 - Reliability of Dedicated with Benefits of Cloud
* High Performance - Enterprise Class Storage
* Seamless Migrations Between Dedicated and Cloud
- Apple’s Steve Jobs Named Smartest in Tech
- iPhone Now Accounts For Half Of Apple’s Revenue
- Apple Announces New Board Member, Susan Wagner
- Apple Reports $36M in Revenue as Cook Jabs Microsoft
- Google CFO, George Reyes, Announces Intention to Retire