“Apple will soon find itself having to replace the man who oversaw the company’s finances through its most prosperous years,” Shaun Nichols writes for The Register. “Peter Oppenheimer has announced his intent to step down from the company by September, vacating his role as Chief Financial Officer to Luca Maestri and riding off into the sunset to take a board position at Goldman Sachs”
“Aside from freeing up more time to earn his pilot’s license, Oppenheimer is vacating a vital role at Apple, one which has helped the company through some of its most turbulent and successful times,” Nichols writes. “The company would blossom under Jobs and Oppenheimer would rise to become chief bean counter, assuming the CFO role in 2004. According to the company’s own records, yearly revenue has grown twentyfold. Oppenheimer himself has been credited with helping to maximise those profits by crafting a clever (if not controversial) tax strategy for Apple.”
“Oppenheimer’s retirement could signal the beginning of a new chapter for Apple and its leadership,” Nichols writes. “While the departure of Oppenheimer will likely been seen as a footnote in the grand scheme of things, it may well also signal a larger shift on the way for one of the world’s biggest brands.”
Read more in the full article here.
Related articles:
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