Business and Economics

Apple's CFO will be Italian

Apple CFO Peter Oppenheimer leaves the company in September this year, his vacant place will be taken by his deputy Luca Maestri. In an announcement regarding such a reshuffle, Apple spokesman Tim Cook notes:

"Peter served as CFO for the past decade. During this time, the company's annual revenue has grown from $ 8 billion to 171 billion. "His managerial skills and extensive work experience have contributed greatly to Apple's success, and not just in the financial field."

Tim Cook did not forget to express his praise to Maestri, who will replace Oppenheimer:

"When we hired him, we knew that he should succeed Peter. Luke has already made a significant contribution to Apple and is rapidly gaining respect among his colleagues."

For Maestri, this appointment is, of course, a crucial test, but the Italian manager has strong shoulders. Before joining Yabloko, Maestri already worked in a position similar to that which he would soon take: at Xerox until 2011. Earlier in the track record, Luke listed Nokia Siemens Networks and General Motors. As for Apple, here it will become another pebble in the avalanche of changes in senior management that stood at the origins of the company in the 90s.

"Before joining Apple in 2013, Maestri worked as CFO at Nokia Siemens Networks and Xerox. This manager began his career at General Motors and spent 20 years studying and gaining experience in financial affairs in America, Asia and Europe. At GM, he became a member of the team that created the company’s representative offices in the Asia-Pacific region, including investments in production in China and Thailand. He successfully coped with the role of financial director of the group, which restructured the activities of factories in Brazil and Argentina, guaranteeing them the resumption of profitability. His last position at GM was the CFO of the entire European Region, which brought together 45 countries with a net annual income of about $ 45 billion. "

Such a description of Luke Maestri was given by Apple officials.

Maestri will begin his new duties in June. Now 50 years old (1 less than Oppenheimer), the Italian lived in seven countries and speaks three languages. All his life he was convinced that his fate was to become number one in finances. By birth a Roman, in Rome, Maestri received a diploma in economics from Luiss University, and then left Italy, moving from the USA to Thailand, and from Brazil to Switzerland.

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