“On Tuesday, Apple announced Oppenheimer’s plans to retire,” Kopytoff writes. “His departure will end one of the most remarkable runs by any chief financial officer, which by the job’s very nature is largely behind the scenes and difficult to isolate from the work of other senior executives. Oppenheimer, 51, played a huge role in Apple’s rise, and during the decade he served as the company’s chief financial officer, Apple blossomed into a huge global business with a $160 billion stockpile of cash.”“Of course, ultimate responsibility for day-to-day operations and innovation lies not with the chief financial officer but with chief executive Cook and others on his leadership team,” Kopytoff writes. “Still, Oppenheimer had formidable sway during an 18-year career that spanned Apple’s near bankruptcy and its eventual comeback as the world’s most valuable company.”
Read more in the full article here.
MacDailyNews Take: Incomparable.
Apple CFO’s departure signals changing of guard: Peter Oppenheimer won’t be the last Jobs-era hyper-growth author to move on – March 4, 2014
Apple’s incoming CFO Maestri to oversee $160 billion mountain of cash – March 4, 2014
Who is Luca Maestri, Apple’s next CFO? – March 4, 2014
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