The Chief Financial Officer and Senior VP of Apple, Peter Oppenheimer, has officially announced his departure from Apple, after reports of him joining the Goldman Sachs Board of Directors emerged yesterday. This brings an end to Oppenheimer’s 18 year career with Apple during which he has seen plenty of ups and downs with the company. Apple’s current VP of Finance Luca Maestri will succeed Oppenheimer according to Apple’s press release. “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. Under his tenure, Apple has started a new campus in Cupertino and launched four new data centers based on renewable energy, so he leaves big shoes to fill for the successor. The CEO of Apple, Tim Cook said – “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.” The successor of Oppenheimer has pretty solid credentials as he has prior experience working with firms like General Motors, Nokia Siemens as well as Xerox with plenty of international experience as well. Luca will take charge beginning from September when Oppenheimer officially retires as the CFO of Apple. [Apple] Continue reading
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