Apple has today announced that Peter Oppenheimer, its senior vice president and chief financial officer, will retire at the end of September after 18 years with the Cupertino company. Oppenheimer will transition the role of CFO to Luca Maestri, Apple’s current vice president of finance and corporate controller.
The news comes a day after it was confirmed that Oppenheimer has joined the Goldman Sachs Board of Directors. Having joined Apple in 1996, and taken the role of CFO eight years later, Oppenheimer has seen Apple through one of its most successful eras to date.
“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,” said Apple CEO Tim Cook.
“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.”
Oppenheimer is one of just a few Apple executives to depart the company since the passing of its founder and former CEO Steve Jobs in October 2011. He plans to spend more time with his wife and sons, travel the world, and finish the final requirements of his pilot’s license.
“I love Apple and the people I have had the privilege to work with and after 18 years here, it is time for me to take time for myself and my family,” he said.
Luca Maestri, who began his career with General Motors after graduating from Luiss University in Rome with a bachelor’s degree in Economics, will take up the role of CFO at Apple.