Apple CFO Peter Oppenheimer is retiring this year

Posted Mar 4, 2014

Apple CFO Peter Oppenheimer has announced today that he is going to retire at the end of September. Luca Maestri will be his successor. Maestri is currently the VP of finance and corporate controller at Apple.

Oppenheimer joined Apple in 1996 as a controller for the Americas. He became CFO over 10 years ago. During that time, Apple grew over 20 times. His retirement comes at a time where investors are questioning the iPhone giant about how they use their massive cash pile.

?Peter is also a dear friend I always knew I could count on,” stated Apple CEO Tim Cook in a statement. “Although I am sad to see him leave, I am happy he is taking time for himself and his family. As all of us who know him would have expected, he has created a professional succession plan to ensure Apple doesn?t miss a beat.?

Oppenheimer has joined the board of directors at Goldman Sachs and will be more involved at his alma mater: California Polytechnic State University. He plans on spending his retirement with his family and for traveling. He also wants to become a pilot.

[Image Credit: TheVerge]