VP of finance and corporate controller Luca Maestri to take over from company veteran, who has expressed wishes to spend more time with his family
Apple senior vice president and CFO Peter Oppenheimer will retire at the end of September. He will be succeeded by VP of finance and corporate controller Luca Maestri, who will report to CEO Tim Cook.
Oppenheimer (pictured) will transition the CFO role to Maestri in June and the balance of his responsibilities over the remaining time.
As CFO, Oppenheimer oversees the controller, treasury, investor relations, tax, information systems, internal audit and facilities functions. He joined Apple in 1996 as controller for the Americas and a year later was promoted to VP and worldwide sales controller, followed by corporate controller before being named as CFO a decade ago.
Maestri has more than 25 years of experience leading finance teams in global companies. He spent 20 years at General Motors in finance and operating roles in the Americas, Asia Pacific and Europe before later becoming CFO at the company.
He was also CFO at both Nokia Siemens Networks and Xerox before joining Apple in March 2013. The technology giant said managed most of its financial functions in his time there so far.