“Apple on Tuesday announced that long-serving Apple executive and current Chief Financial Officer Peter Oppenheimer will be retiring from the company in September,” Ashleigh Allsopp reports for Macworld UK. “Apple’s vice president of finance and corporate controller Luca Maestri will take over as CFO from June, reporting directly to CEO Tim Cook.”
“Maestri, who is 49 years old (if you’re wondering), started his career with General Motors in 1988. The car maker accounts for a huge chunk of Maestri’s career history, spanning a total of 20 years,” Allsopp reports. “Over those 20 years, Maestri held several senior positions at GM in markets across the globe, including Brazil, Ireland, Italy, Singapore and Thailand.”
“In September 2008, Maestri left GM to become CFO of Nokia Siemens Networks,” Allsopp reports, “and continued in that role until February 2011, when he joined Xerox as CFO.”
Read more in the full article here.
Related articles:
Apple CFO transition may matter more than you think – March 4, 2014
Apple CFO Peter Oppenheimer to retire at the end of September – March 4, 2014
Apple CFO Peter Oppenheimer joins Goldman Sachs board of directors – March 3, 2014
Don’t be surprised if Apple CFO Peter Oppenheimer announces his retirement at Friday’s shareholder meeting – February 27, 2014
Apple’ Peter Oppenheimer top CFO earner in fiscal 2012 with $68.6 million package – May 8, 2013
Not to be confused with Luca Brasi…
Who’s currently “sleeping with the fish”.
Is 3 years at Xerox enough time to vet Maestri?
I would suggest any time at GM is a bit, iffy.
Being in finance my self, I can attest that the greatest skills of financial management are honed in financially strapped organizations the like of GM
Let’s see now the number of failed companies he has worked for:
– Government Motors (failed and had to be bailed out by Obama) – check.
– Nokia Siemens Network (failed telecommunications venture. Siemens eventually bailed and sold the entity to Nokia Solutions which split apart from the Nokia handset business that was acquired by Microsoft) – check.
– Xerox (was an early innovator that failed – original inspiration for the Mac OS GUI at PARC, and had to be bailed out by Fuji of Japan) – check.
Given the number of failed companies he’s worked for, perfect candidate for Cook to mould into his failed image.
May I ask what you have been successful in? Obviously, a pseudonym company proves your corporate qualifications to criticize someone who has worked their ass off to make things better in the world – check mate.
Doesn’t bode well. Sounds like a company-jumping ladder climber. Most have planning horizons shorter than their d*cks.