Apple’s Maestri Takes Top Finance Role Amid Cash Scrutiny

New CFO must cope with slowing growth and activist investors.

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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“He was a very tenacious negotiator but he was also a practical guy because he realized he needed to get things done,” Henderson said. “‘He was considered one of the best rising finance executives in the company.’’

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