Apple CFO Oppenheimer to Retire as Maestri Set to Succeed

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Apple Inc. Chief Financial Officer Peter Oppenheimer will retire at the end of September, as Chief Executive Officer Tim Cook brings on a new lieutenant to navigate slowing growth at the iPhone maker.

Luca Maestri, 50, who joined Apple as vice president of finance and corporate controller a year ago, will succeed Oppenheimer, the Cupertino, California-based company said in a statementBloomberg Terminal today. Oppenheimer, 51, was at Apple for 18 years, a period when the company introduced the iPod, iPhone and iPad, and grew to become the world’s most valuable company.