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October, 1, 2016

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Apple finance chief Oppenheimer plans to retire later this year: firm

SAN FRANCISCO--Apple on Tuesday announced that the chief finance officer who served during the company's meteoric rise over the past decade is retiring later this year.

Peter Oppenheimer will leave in September, turning the position over to Luca Maestri, according to the maker of iPhones, iPads, iPods and Macintosh computers.

"Peter has served as our CFO for the past decade as Apple's annual revenue grew from US$8 billion to US$171 billion and our global footprint expanded dramatically," Apple chief executive Tim Cook said in a release.

"His guidance, leadership and expertise have been instrumental to Apple's success, not only as our CFO but also in many areas beyond finance."

Maestri joined Apple in March of last year and was said to already be managing most of the California-based company's financial matters.

Maestri's professional background spans more than 25 years and includes stints as chief financial officer at Xerox and Nokia Siemens Networks, now called Nokia Solutions and Networks, according to Apple.

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