Picture: C-SPAN
March 4, 2014: Peter Oppenheimer, the Apple chief monetary officer who presided over a decade of skyrocketing progress, steps down from the corporate.
After turning into Apple CFO in 2004, Oppenheimer noticed the corporate’s valuation soar from $8.8 billion to $471 billion. Luca Maestri, present Apple senior vice chairman and chief monetary officer, changed Oppenheimer on this essential place.
Apple CFO Peter Oppenheimer
Previous to becoming a member of Apple at Steve Jobs’ request, Oppenheimer served as a finance government at payroll firm Computerized Knowledge Processing. He additionally labored as a know-how marketing consultant at Coopers & Lybrand, a precursor to PricewaterhouseCoopers. Oppenheimer changed Apple’s longtime Chief Monetary Officer Fred Anderson, who stepped into the position in March 1996.
Groomed to take over from Anderson, Oppenheimer joined Apple just a few months after him in 1996. (Oppenheimer’s preliminary position: Apple’s senior director of finance and controller.)
Jobs handpicked the 2 males, who beforehand labored collectively at ADP, shortly after his return to Apple.
Oppenheimer and Apple’s share repurchase plan
As CFO, Oppenheimer oversaw a $100 billion share repurchase and dividend scheme. When he retired, analysts hoped the plan would proceed, with Maestri constructing upon his predecessor’s work.
After leaving, Oppenheimer joined the Goldman Sachs board as an impartial director. He additionally stated he deliberate to take extra private time for journey, to earn his pilot’s license, and to assist his alma mater, California Polytechnic College.
