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Apple’s Maestri Takes Top Finance Role Amid Cash Scrutiny

The new CFO must cope with slowing growth and activist investors.

By Adam Satariano, Bloomberg | Updated on April 02, 2014

Apple Inc.’s departing chief financial officer Peter Oppenheimer presided over a sales boom that filled company coffers with a record cash pile. His successor, Luca Maestri, inherits a company stung by slowing growth and increasing scrutiny of how it handles that hoard.

The Italian-born executive is becoming Apple’s main money man and liaison to Wall Street in June, at a time when the world’s most valuable company is under pressure to reverse a stock slide, ward off activist investors and defend a cash strategy that critics say shields it from paying taxes.

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