Apple’s CFO to Retire Later This Year

There’s going to be a new voice on Apple earnings calls soon.

Apple announced Tuesday morning that CFO Peter Oppenheimer will retire at the end of September. He will be replaced by Luca Maestri, who currently serves as the company’s VP of finance and corporate controller.

Oppenheimer joined Apple in 1996 as a controller for the Americas and took over the CFO position a decade ago. In that time, Apple’s annual revenue has grown more than twenty times to $171 billion in 2013. Yet, Apple’s relationship with Wall Street has been mixed, to say the least, in the last year or so of his tenure as some investors question Apple’s pace of innovation and the way it uses its massive cash pile, among other things Read more…

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