One of Apple’s most established and well-respected longtime executives has announced plans to retire from the Cupertino, California-based tech giant later this year.
On Tuesday, Apple CFO Peter Oppenheimer announced plans to leave the Mac maker in September.
Oppenheimer, an eighteen year veteran at Apple, has been called one of the most effective CFOs in the tech sector and continues to draw praise for his sound financial leadership during Apple’s rise to preeminence.
“Peter has served as our CFO for the past decade as Apple’s annual revenue grew from $8 billion to $171 billion and our global footprint expanded dramatically,” Apple CEO Tim Cook said in a statement to the press. “His guidance, leadership and expertise have been instrumental to Apple’s success, not only as our CFO but also in many areas beyond finance, as he frequently took on additional activities to assist across the company. His contributions and integrity as our CFO create a new benchmark for public company CFOs.”
Luca Maestri, Apple’s current vice president of finance and corporate controller, will assume the role of CFO upon Oppenheimer’s departure.