Apple CFO steps down

Apple Inc said Chief Financial Officer Peter Oppenheimer would retire at the end of September.

Luca Maestri, Apple’s vice president of finance and corporate controller, will succeed Oppenheimer as CFO, reporting to Chief Executive Tim Cook.

Oppenheimer, who has been CFO since 2004, was named to the board of Goldman Sachs Group Inc on Monday.

Before moving to Apple, Maestri previously worked at General Motors, and spent 20 years in finance and operating roles in the Americas, Asia Pacific and Europe, Apple said.

While at GM, Maestri had many significant assignments building and operating the business.

He was part of the team that established GM’s regional operations in Asia Pacific, including manufacturing investments in China and Thailand.

Maestri was later CFO of the team that restructured operations in Brazil and Argentina and returned the region to profitability.

His last role at GM was CFO for all of GM’s operations in Europe, which spanned over 45 countries with annual net revenue of approximately $40 billion.

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Apple CFO steps down