Please ensure Javascript is enabled for purposes of website accessibility
Free Article Join Over 1 Million Premium Members And Get More In-Depth Stock Guidance and Research

Apple CFO to Retire; Successor Named

By Associated Press - Mar 4, 2014 at 9:50AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Peter Oppenheimer, who has been CFO for the past decade, will begin transferring responsibilities to Luca Maestri in June.

CUPERTINO, Calif. (AP) -- Apple's longtime chief financial officer, Peter Oppenheimer, will retire in September and he'll be replaced by the company's corporate controller.

The announcement Tuesday comes one day after Goldman Sachs named Oppenheimer as one of its 13 board members.

Oppenheimer, who has been CFO for the past decade, will begin transferring responsibilities to Luca Maestri in June.

Apple CEO Tim Cook says the company knew Maestri would ultimately succeed Oppenheimer when it recruited him as corporate controller a year ago. Maestri has more than 25 years of experience in senior financial management. He has served as CFO at both Nokia Siemens Networks and Xerox.

Oppenheimer joined Apple in 1996 as controller for the Americas.

link

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
624%
 
S&P 500 Returns
141%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 12/04/2021.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Our Most Popular Articles

Premium Investing Services

Invest better with the Motley Fool. Get stock recommendations, portfolio guidance, and more from the Motley Fool's premium services.