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.

Popular Posts

Category Business and Economics, Next Article

Italy will sue rating agencies for 234 billion euros
Business and Economics

Italy will sue rating agencies for 234 billion euros

The Italian Court of Audit Corte dei Conti has revealed its plans to sue the three largest rating agencies for more than 200 billion euros. Corte dei Conti turned to Standard & Poor's, Fitch Rating and Moody's Investor Service, claiming that their activities could be illegal, as these companies significantly downgraded Italy and its cultural heritage from July 1, 2011 to January 13, 2012 and thereby caused damage to the country's economy at 234 billion euros.
Read More
Apple's CFO will be Italian
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 said: “Peter has served as CFO for the past decade.
Read More
Venice plans to build a new port
Business and Economics

Venice plans to build a new port

Paolo Costa, the head of the port of Venice, hopes that the city will again become a significant figure in terms of shipping and profit. The authorities in Venice announced the construction of a huge port in the city, despite a recent decree prohibiting cruise liners from entering Venice starting in 2015. Paolo Costa, the mayor of the city in the past and the head of the Venetian port in the present, explained that Venice risks becoming only a monument of architecture, the only source of income for which will remain tourists.
Read More
Metro stations in Milan will be called the names of sponsors
Business and Economics

Metro stations in Milan will be called the names of sponsors

“We won’t survive on tickets only” The municipality of Milan is preparing a decree: large companies will have the opportunity to add their name to the name of the metro station in exchange for investments and assistance with modifications. But not everyone agrees with this decision. Basilio Rizzo, President of the Municipal Council: “The city is not for sale” The project is designed for all one hundred stations of the Milan metro.
Read More