Goldman Sachs Group today announced that Apple Chief Financial Officer Peter Oppenheimer will join the banking firm's board of directors, effective immediately.
Oppenheimer will become the board's 13th director and will serve on the firm’s Audit, Risk, Compensation and Corporate Governance, Nominating and Public Responsibilities committees.
“Peter’s 25 years of broad experience across important industries will add a valuable perspective to our Board of Directors,” said Lloyd C. Blankfein, Chairman and CEO. “We appreciate his willingness to serve as a director and look forward to benefitting from his judgment and counsel.”
Oppenheimer joined Apple in 1996 as the Senior Director of Finance and Controller and was promoted several times before being appointed as Apple's Chief Financial Officer in 2004. Besides serving on the board at Goldman Sachs, Oppenheimer also is a board member for the California Polytechnic State University Foundation and Sacred Heart Schools in Atherton, California.
Oppenheimer isn't the only Apple executive to serve on the board of directors at another company. Apple CEO Tim Cook is a member of the board at Nike, while senior vice president of Internet Software and Services Eddy Cue serves on Ferrari's Board of Directors, a role he undertook in November 2012.
Top Rated Comments
I don't get it. Is this sarcasm?
But in case it's not... what?!? really??? what's an "apple-minded person"? and in this Wall Street environment, how ¡s that different from any other wall street douchebag there? how do you think he will help consumers by being there? I guess by "the Apple community" you mean the shareholders, right? because Goldman Sachs business model is to screw everyone else - including their customers... so...
Yeah, no matter how new the idea, unless it's about increasing profit, he will end up as nothing more than a PR move for GS. Goldman knows they are universally loathed <- hyperbole, but not by much. An Apple guy on board means the naive among us will wrongly associate Apple's goodwill with Goldman. It's not the same.
Funnier still, Cook just tore someone a new one about suggesting Apple make profit the only factor in business decisions. Now Oppenheimer joins the board of a company known for a profit above all else mentality. Wierd to me.
To me as well. I was thrilled about Cook's rebuffing of the NCPPR. This does seem like a swing in the opposite direction. It would be heartwarming to think that Oppenheimer will change the climate at Goldman-Sachs. But I'm a bit too cynical to think that will happen.