Estimated read time: Less than a minute
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
CUPERTINO, Calif. (AP) — Apple's longtime Chief Financial Officer Peter Oppenheimer will retire in September and he'll be replaced by the company's corporate controller.
The announcement Tuesday comes one day after Goldman Sachs named Oppenheimer as one of its 13 board members.
Oppenheimer, who has been CFO for the past decade, will begin transferring responsibilities to Luca Maestri in June.
Apple CEO Tim Cook says the company knew Maestri would ultimately succeed Oppenheimer when it recruited him as corporate controller a year ago. Maestri has more than 25 years of experience in senior financial management.
He has served as CFO at both Nokia Siemens Networks and Xerox.
Oppenheimer joined Apple in 1996 as controller for the Americas.
Apple Inc. is based in Cupertino, California.
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.