Apple CFO Peter Oppenheimer to retire in September, VP of Finance Luca Maestri takes his place

Apple CFO Peter Oppenheimer to retire in September, VP of Finance Luca Maestri takes his place

It looks like Apple's chief financialofficer, Peter Oppenheimer (pictured), will be retiring this September. Hisposition will be taken by Luca Maestri, current vice president ofFinance at the Cupertino company. Starting June, Maestri will takethe spot, working under Oppenheimer's guidance until September. 

Although the CFO in retirement won't be seen high in Apple's structure after September, he will be seen high in the sky, as he wants to become a pilot. He'll also travel, spend more time with his family, and generally reap the fruits of his career. The rest is best said in the words ofCEO Tim Cook and CFO Oppenheimer themselves.

Tim Cook: 

Peter Oppenheimer: 

Oppenheimer started work with Apple wayback in 1996. During his time as CFO, Apple's annual revenue grewmore than twenty times. As for his successor, Luca Maestri has 25years of experience, including working for GM, Nokia Siemens Networksand Xerox. He's relatively new at Apple, having joined in March 2013.However, he's managed "most of Apple's financial functions anddone an excellent job leading them". It must feel good to be appointed to a C-position in only an year.

via BGR



1. rodneyej1

Posts: 3576; Member since: Jul 06, 2013

They should hire Ballmer.... Lol!

2. androiphone20

Posts: 1654; Member since: Jul 10, 2013

Pete wants to be a pilot? That's sounds awesome. I think it's safe to say he deserves it, anyway consider going to the bahamas Pete!

3. alterecho

Posts: 1106; Member since: Feb 23, 2012

Is he the one responsible for Apple's (outrageous) pricing structure?

4. Planterz

Posts: 2120; Member since: Apr 30, 2012

He has become Death, destoryer of reasonable price increases for storage space.

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit for samples and additional information.