The newest member of Goldman Sachs’s board will soon have some free time on his hands, after he leaves his job as the chief financial officer of Apple.
Peter Oppenheimer, an 18-year veteran of the technology giant, plans to retire as Apple’s finance chief in September, the company said on Tuesday. Just a day earlier, Goldman announced that Mr. Oppenheimer had joined the investment bank’s board, expanding the number of directors to 13.
“Peter’s 25 years of broad experience across important industries will add a valuable perspective,†Lloyd C. Blankfein, Goldman’s chief executive and chairman, said in a statement on Monday.
Mr. Oppenheimer, who said on Tuesday that he plans to spend more time with his family and finish getting his pilot’s license, deepens the longstanding ties between Goldman and Apple. Those include the following:
- The technology company is a prized client of Goldman, which advised it in its tussle with the hedge fund manager David Einhorn last year.
- A prominent Goldman banker, Gene T. Sykes, is a longtime adviser to Apple.
- Apple’s head of mergers and acquisitions, Adrian Perica, formerly worked at Goldman.
To succeed Mr. Oppenheimer, Apple has promoted from within, turning to Luca Maestri, the vice president of finance and its corporate controller. But a few years ago, Apple approached a Wall Street candidate for the job.
In 2011, while Mr. Oppenheimer held the chief financial officer job, Apple approached Laurence Tosi, the chief financial officer of the Blackstone Group, about assuming that position, DealBook reported at the time. Mr. Tosi turned down the offer.
