Apple's Peter Oppenheimer to retire at the end of September
TweetFollow Us on Twitter

Apple's Peter Oppenheimer to retire at the end of September


Apple has announced that Peter Oppenheimer (pictured), Apple’s senior vice president and chief financial officer, will retire at the end of September. Luca Maestri, Apple’s vice president of finance and corporate controller, will succeed him as CFO reporting to CEO Tim Cook. Oppenheimer will transition the CFO role to Maestri in June and the balance of his responsibilities over the remaining time.

"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," said Cook in a press release. "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."

Maestri has over 25 years of global experience in senior financial management, including roles as a public company CFO. "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," Cook said.

"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."

As CFO, Oppenheimer oversees the controller, treasury, investor relations, tax, information systems, internal audit and facilities functions. He started with Apple in 1996 as controller for the Americas, and in 1997 was promoted to vice president and Worldwide Sales controller and then promoted to corporate controller prior to being named CFO. Oppenheimer also recently joined the board of directors of Goldman Sachs.

Maestri has over 25 years of experience building and leading finance teams in global companies. Prior to joining Apple, he was CFO at both Nokia Siemens Networks and Xerox. Since joining Apple in March 2013, Maestri has managed most of Apple’s financial functions.

He began his career with General Motors and spent 20 years in finance and operating roles in the Americas, Asia Pacific and Europe. He was part of the team that established GM’s regional operations in Asia Pacific, including manufacturing investments in China and Thailand. Maestri was later CFO of the team that restructured operations in Brazil and Argentina and returned the region to profitability. His last role at GM was CFO for all of GM’s operations in Europe, which spanned over 45 countries with annual net revenue of approximately US$40 billion. 

Maestri has lived and worked in Italy, Poland, Ireland, Switzerland, Singapore, Thailand, Brazil and Germany, as well as the U.S.  He graduated from Luiss University in Rome with a bachelor’s degree in Economics and received a master’s degree in Science of Management from Boston University.

 
AAPL
$124.75
Apple Inc.
-1.42
GOOG
$524.05
Google Inc.
-9.75
MSFT
$41.62
Microsoft Corporation
-0.55
MacNews Search:
Community Search:
view counter

view counter
view counter
view counter
view counter
view counter
view counter

Kids Can Practice Healthy Living With Gr...
Bobaka is releasing a new interactive book called Green Riding Hood  in May. The app teaches kids about yoga and organic style of life through mini-games and a fun take on the classic Little Red Riding Hood fairy tale. | Read more »
Chainsaw Warrior: Lords of the Night has...
It's time to put the Darkness back in its place now that Chainsaw Warrior: Lords of the Night has officially made it to iOS. | Read more »
A World of Ice and Fire Lets You Stalk 2...
George R. R. Martin’s A World of Ice and Fire, by Random House, is a mobile guide to the epic series. The new update gives you the Journeys map feture that will let you track the movements of 25 different characters. But don't worry, you can protect yourself from spoilers by filtering the map by chapter. The new map is part of the "A Game of... | Read more »
Gameloft Announces Battle Odyssey, a New...
Battle Odyssey, Gameloft's newest puzzle RPG, is coming to the App Store next week. Set in the world of Pondera, you will need to control the power of the elements to defend the world from evil. You'll be able to entlist over 500 allies to aid you in your quest to save the world, and each one comes with their own elemental affinities and powers.... | Read more »
Here's How You Can Get 5 Free Pro D...
It's only been a couple of days since Gamevil released MLB Perfect Inning 15, so building up a decent roster could still take a little time. If you'd like to speed things up a bit, then we've got a deal for you. How does five free Pro drafts sound? It sounds good, right? Just follow the instructiones below to redeem your promo code and get a bit... | Read more »
Fusion - HDR Camera (Photography)
Fusion - HDR Camera 1.0.0 Device: iOS Universal Category: Photography Price: $1.99, Version: 1.0.0 (iTunes) Description: Fusion creates HDR (high dynamic range) photos by capturing different exposures and then combining them into one perfectly exposed photo. The result is an image that overcomes the limited range of a digital image... | Read more »
Sago Mini Toolbox (Education)
Sago Mini Toolbox 1.1 Device: iOS Universal Category: Education Price: $2.99, Version: 1.1 (iTunes) Description: Come build with the Sago Mini friends! Use a wrench, try a saw, or hammer some nails. From sewing hand puppets to building a robot, there are tons of jobs to be done. Grab your toolbox and let’s go! | Read more »
You Should Probably Grab Hitman GO While...
Hitman GO is a surprisingly cool (yet also incredibly drastic) departure from the Hitman series. It's well worth playing for any puzzle game fans out there, and at the moment you can get your hands - or garrotte if you will - on it for a mere $0.99. I'd suggest giving it a shot if you're even remotely curious about it. [Read more] | Read more »
IFTTT is Bringing Do Button and Do Note...
IFTTT has announced Do Button and Do Note for the Apple Watch. Do Button lets you make your own personalized button that can connect to things like your Google Drive, control the temperature in your home with Nest Thermostat, or turn the lights on with Philips Hue. Do Note acts as a notepad that connects to Evernote, Twitter, Google Calendar, and... | Read more »
How Many Days, Hours, and Minutes Are Le...
Countdown, by Yves Tscherry, is now available on the App Store. The app keeps track of countdowns to your favorite things such as someones birthday or days till the New Year. You can display the time in seconds, minutes, hours, days, weeks, months, or years or you can watch them all at once. The app is available for the iPhone, iPad, and the Apple... | Read more »
All contents are Copyright 1984-2010 by Xplain Corporation. All rights reserved. Theme designed by Icreon.