Apple CFO to retire

06 March 2014 | Sophie Donoghue

Apple’s SVP and CFO Peter Oppenheimer has announced plans to retire at the end of September this year.

Oppenheimer has been with Apple for 18 years, and has served as CFO for the last decade.

He will be succeeded by VP of finance and corporate controller Luca Maestri, who joined Apple in March last year. He has previously served as CFO at Nokia Solutions and Networks, as well as Xerox.

“When we were recruiting for a corporate controller, we met Luca and knew he would become Peter’s successor,” said Tim Cook, CEO of Apple. “His contributions to Apple have already been significant in his time with us and he has quickly gained respect from his colleagues throughout the company.”

The handover of responsibilities to Maestri will begin in June this year.