Apple announced on Tuesday morning that long time CFO Peter Oppenheimer will be retiring later this year and will be replaced by current Corporate Controller Luca Maestri. Wells Fargo analyst Maynard Um didn't see the announcement as a surprise and he expects the transition to go smoothly.
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Wells Fargo analyst Maynard Um thinks Apple has it all under control with Peter Oppenheimer's retirment, and that's no big surprise. Apple doesn't do things by chance, and they always have a plan.