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Apple CFO Peter Oppenheimer Announces Retirement

Peter Oppenheimer, Apple’s senior vice president and chief financial officer, has decided to retire at the end of September 2014. He started at Apple in 1996, and has been CFO for ten of those years, as Apple’s annual revenue grew from $8 billion to $171 billion. He will be succeeded by Luca Maestri, Apple’s vice president of finance and corporate controller, who joined the company in March 2013 and has been responsible for most of Apple’s financial functions since. Previously, Maestri served as CFO for both Nokia Siemens Networks and Xerox.

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