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Goldman Sachs Adds Apple’s Oppenheimer to Expand Board to 13

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March 3 (Bloomberg) -- Goldman Sachs Group Inc., the bank that was lead underwriter on Apple Inc.’s May bond offering, named the technology firm’s chief financial officer, Peter Oppenheimer, to its board of directors.

Oppenheimer, 51, whose appointment expands the board to 13 members, is joining immediately and will sit on all four of its committees, New York-based Goldman Sachs said today in a statement.

Goldman Sachs, the fifth-largest U.S. bank by assets, was chosen to underwrite the majority of Apple’s then-record $17 billion bond offering last year. It was the Cupertino, California-based company’s first issuance in 17 years. Apple also hired Goldman Sachs in 2012 to help it improve transparency and governance, including what to do with its more than $100 billion in cash.

“Peter’s 25 years of broad experience across important industries will add a valuable perspective to our board of directors,” Goldman Sachs Chief Executive Officer Lloyd C. Blankfein said in the statement.

To contact the reporter on this story: Michael J. Moore in New York at mmoore55@bloomberg.net

To contact the editor responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net

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