Apple CFO to retire

Apple on Tuesday named Luca Maestri as its incoming chief financial officer to succeed Peter Oppenheimer, who plans to retire at the end of September.

Maestri, currently Apple's senior vice president of finance and corporate controller, will begin the transition in June, according to Fox News.

Oppenheimer joined Apple in 1996 and has served as its CFO since 2004. Since then, Apple’s annual revenue has grown from $8 billion to $171 billion, the company noted.

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