Apple announced today that senior vice president and chief financial officer Peter Oppenheimer will retire at the end of September. Oppenheimer, who has been with Apple since 1996, will be succeeded by Luca Maestri, Apple’s VP of finance and corporate controller. “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,” Apple CEO Tim Cook said in a release.
It was just announced Monday that Oppenheimer was appointed to Goldman Sachs’ board of directors. Maestri notably participated actively in Apple’s most recent conference call with investors, and although his presence was unexplained at the time, it’s now clear that he will take on Oppenheimer’s quarterly public speaking role with analysts.