Fred Anderson to Retire as Apple CFO

MacRumors · Feb 5, 2004, 09:14 AM

Apple announced that Fred Anderson, Apple's executive vice president and Chief Financial Officer (CFO), will be retiring on June 1 2004.

Peter Oppenheimer, Apple’s senior vice president of Finance and corporate controller will succeed Mr. Anderson as CFO.

At that time, Fred Anderson will then be appointed to Apple's Board of Directors.

DanUk2003 · Feb 5, 2004, 09:16 AM

Not directly related, but it makes me wonder how many more years Jobs will remain CEO...

awulf · Feb 5, 2004, 09:25 AM

Is this a good thing or a bad thing?

jrv3034 · Feb 5, 2004, 09:25 AM

Is this bad news? Good news? What do shareholders think?

EDIT: Beat me to it.

oldMac · Feb 5, 2004, 09:26 AM

Fred totally saved Apple from doom.

- He raised money when they need it most
- He hoarded cash before the downturn
- He managed to keep investments in the black while the market was spiraling

Fred is an Amazing CFO and he'll hopefully stay very involved as a board member.

Other.au · Feb 5, 2004, 09:27 AM

*Dreads the day jobs retires*

I hope when he leaves there will be good replacement.

wPod · Feb 5, 2004, 09:30 AM

Happy Retirement Mr. Anderson . . .
and congratulations to Mr. Oppenheimer.

Jobs remain CEO. . . forever!!! that will be the new apple product. . . a life support system . . . iLife . . . wait that name is already used

Photorun · Feb 5, 2004, 09:34 AM

Thanks for the memories Fred. You kept a pulse in Apple through some tough times and we welcome you to the board. And all those teleconferences you did without wearing any pants... hysterical!

jorel · Feb 5, 2004, 09:38 AM

Sounds like good news. Seems that maybe he feels comfortable enough with the current financial status of Apple that he can catch up on his fishing.

Ambrose Chapel · Feb 5, 2004, 11:12 AM

Quote:

Originally posted by jorel
Sounds like good news. Seems that maybe he feels comfortable enough with the current financial status of Apple that he can catch up on his fishing.

yeah, that's a positive way to look at it

virividox · Feb 5, 2004, 11:26 AM

MR. ANDERSON...

hehe sorry matrix speaking

hope he has a good retirment and i hope his replacement can build on his successes

Silencio · Feb 5, 2004, 11:37 AM

I always said that, besides Steve Jobs, Fred Anderson was the most irreplacable executive at Apple. He has done an incredible job helping to bring the company back from the brink of death and steadily building up healthy financials through all the ups and downs of the greater tech marketplace. That Apple has billions in the bank and wiped out all of its debts speaks volumes of his accomplishments.

Still, I think Peter Oppenheimer is the right man to take over. He's been at Apple for a while and worked very closely with Fred, slowly taking over more and more of the financial operations and showing similarly good results.

It's also good news that Fred will be on the Board of Directors, so he will still be around to offer his financial wisdom.

Congratulations to Fred on a long, successful run at Apple. Enjoy your retirement.

wdlove · Feb 5, 2004, 11:44 AM

Congratulations on your retirement Mr. Anderson. At least his knowledge will still be available on the Board Of Directors. Hopefully he has done a good job grooming Mr. Oppenheimer for the job of CFO. That he will be able to enter the job running.

Krizoitz · Feb 5, 2004, 11:47 AM

Quote:

Originally posted by Other.au
*Dreads the day jobs retires*

I hope when he leaves there will be good replacement.

Jonathan Ive. He gets it.

mrsebastian · Feb 5, 2004, 11:54 AM

happy retirement fred

good to see you'll still be part of apple, as a member of the board.

geerlingguy · Feb 5, 2004, 12:39 PM

Quote:

Originally posted by virividox
MR. ANDERSON...

hehe sorry matrix speaking

hope he has a good retirment and i hope his replacement can build on his successes

My thoughts exactly (especially the Matrix reference)

iPC · Feb 5, 2004, 01:17 PM

Another way to look at it is this; it's a powerplay by Jobs to get another ardent supporter of his on the board with him. Rumors are swirling as Apple's market position is not much different from 2 years ago, even with the influx of cool new technology. (similar to the situation over at Disney - Eisner is walking a fine line also. www.savedisney.com )

mullmann · Feb 5, 2004, 01:31 PM

Quote:

Originally posted by iPC
Another way to look at it is this; it's a powerplay by Jobs to get another ardent supporter of his on the board with him. Rumors are swirling as Apple's market position is not much different from 2 years ago, even with the influx of cool new technology. (similar to the situation over at Disney - Eisner is walking a fine line also. www.savedisney.com )

Apple's board is a real weak spot, filled with Jobs fans and people generally ignorant of the businesses that Apple is in (are you listening, Al Gore?). I don't know how Anderson rates in the former category, but at least he doesn't fit into the latter. That's good news.

sfoalex · Feb 5, 2004, 01:51 PM

You'll notice if you listen to the quarterly financial results that Peter is always there. He has been groomed for years for this. He is refereed to by Anderson for many of the answers during these meetings. It is a great lose, but I think this is also one of the best executed transitions and remember, Fred will be on the board of directors.

anodized · Feb 5, 2004, 02:13 PM

Well, we know now that when Mr Anderson retires on June 6 the G6 will come out, and Apple will make the biggest breakthrough in History --

Oh he's going to the board...
nevermind

tex210 · Feb 5, 2004, 02:23 PM

Glad this isn't a Haliburton type thing, but this isn't as exciting to me as the ichat 2.x beta that is video compatible with Aim!!! Arn?

sethypoo · Feb 5, 2004, 03:27 PM

Quote:

Originally posted by anodized
Well, we know now that when Mr Anderson retires on June 6 the G6 will come out, and Apple will make the biggest breakthrough in History --

Oh he's going to the board...
nevermind

He's retiring on June 1st.

And I think Fred will be a proponent of the new G6.

MrMacMan · Feb 5, 2004, 03:55 PM

Quote:

Originally posted by Photorun
Thanks for the memories Fred. You kept a pulse in Apple through some tough times and we welcome you to the board. And all those teleconferences you did without wearing any pants... hysterical!

Teleconferences without pants?

Whhaaa?

Link me to that!

Good luck on that Fishin' Mr. Anderson...

Frohickey · Feb 5, 2004, 04:18 PM

Quote:

Originally posted by wPod
Happy Retirement Mr. Anderson . . .
and congratulations to Mr. Oppenheimer.

Jobs remain CEO. . . forever!!! that will be the new apple product. . . a life support system . . . iLife . . . wait that name is already used

iClone... not to be confused with imClone

Frohickey · Feb 5, 2004, 04:19 PM

Quote:

Originally posted by Macrumors Apple announced that Fred Anderson, Apple's executive vice president and Chief Financial Officer (CFO), will be retiring on June 1 2004.

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!!!!!!!!

Feb 5, 2004, 09:14 AM	#1
MacRumors macrumors bot Join Date: Apr 2001	Fred Anderson to Retire as Apple CFO Apple announced that Fred Anderson, Apple's executive vice president and Chief Financial Officer (CFO), will be retiring on June 1 2004. Peter Oppenheimer, Apple’s senior vice president of Finance and corporate controller will succeed Mr. Anderson as CFO. At that time, Fred Anderson will then be appointed to Apple's Board of Directors.

Feb 5, 2004, 09:25 AM	#3
awulf macrumors 6502 Join Date: Mar 2002 Location: South Australia	Is this a good thing or a bad thing? __________________ Join The MacRumors Folding Team Now! The Mac Specifications Database

Feb 5, 2004, 09:25 AM	#4
jrv3034 macrumors 6502a Join Date: Oct 2002 Location: New York City	Is this bad news? Good news? What do shareholders think? EDIT: Beat me to it. __________________ jrv3034 Dual 2GHz G5 PowerMac / 160GB & 200GB internal HDDs / Two 250GB LaCie FW HDDs / 1.5GB RAM / Superdrive / Mitsubishi 22" DiamondPro / JBL Creature / Logitech MX500 / Zip 100 / iPod 15GB 3G / Samsung i500 / Miglia AlchemyTV DVR

Feb 5, 2004, 09:26 AM	#5
oldMac macrumors 6502 Join Date: Oct 2001	He Will Be Missed Fred totally saved Apple from doom. - He raised money when they need it most - He hoarded cash before the downturn - He managed to keep investments in the black while the market was spiraling Fred is an Amazing CFO and he'll hopefully stay very involved as a board member. __________________ software developer & Mac user

Feb 5, 2004, 11:26 AM	#11
virividox macrumors 68040 Join Date: Aug 2003 Location: Manila - Nottingham - Philadelphia - Santa Barbara - Boston (ugh hate not knowing where to call home)	MR. ANDERSON... hehe sorry matrix speaking hope he has a good retirment and i hope his replacement can build on his successes __________________ 17" MBP , 2 gig ram, 200 gig fw800 + 120 gig fw400 + 250 gig usb2 ext, 5g 80gig Ipod, Tiger d200 & d70

Feb 5, 2004, 09:16 AM	#2
DanUk2003 macrumors member Join Date: Jun 2003 Location: Worthing, UK	Not directly related, but it makes me wonder how many more years Jobs will remain CEO...

Feb 5, 2004, 09:27 AM	#6
Other.au macrumors member Join Date: Jan 2004 Location: Sydney Aus	Dreads the day jobs retires I hope when he leaves there will be good replacement.

Feb 5, 2004, 09:30 AM	#7
wPod macrumors 68000 Join Date: Aug 2003 Location: Denver, CO	Happy Retirement Mr. Anderson . . . and congratulations to Mr. Oppenheimer. Jobs remain CEO. . . forever!!! that will be the new apple product. . . a life support system . . . iLife . . . wait that name is already used

Feb 5, 2004, 09:34 AM	#8
Photorun Banned Join Date: Sep 2003 Location: NYC	Thanks for the memories Fred. You kept a pulse in Apple through some tough times and we welcome you to the board. And all those teleconferences you did without wearing any pants... hysterical!

Feb 5, 2004, 09:38 AM	#9
jorel macrumors newbie Join Date: Feb 2004	Sounds like good news. Seems that maybe he feels comfortable enough with the current financial status of Apple that he can catch up on his fishing.

Feb 5, 2004, 11:37 AM	#12
Silencio macrumors 65816 Join Date: Jul 2002 Location: San Francisco	I always said that, besides Steve Jobs, Fred Anderson was the most irreplacable executive at Apple. He has done an incredible job helping to bring the company back from the brink of death and steadily building up healthy financials through all the ups and downs of the greater tech marketplace. That Apple has billions in the bank and wiped out all of its debts speaks volumes of his accomplishments. Still, I think Peter Oppenheimer is the right man to take over. He's been at Apple for a while and worked very closely with Fred, slowly taking over more and more of the financial operations and showing similarly good results. It's also good news that Fred will be on the Board of Directors, so he will still be around to offer his financial wisdom. Congratulations to Fred on a long, successful run at Apple. Enjoy your retirement.

Feb 5, 2004, 11:44 AM	#13
wdlove macrumors 604 Join Date: Oct 2002	Congratulations on your retirement Mr. Anderson. At least his knowledge will still be available on the Board Of Directors. Hopefully he has done a good job grooming Mr. Oppenheimer for the job of CFO. That he will be able to enter the job running. __________________ First MacRumors "Contributor"

Feb 5, 2004, 11:54 AM	#15
mrsebastian macrumors 6502a Join Date: Nov 2002 Location: sunny san diego	happy retirement fred good to see you'll still be part of apple, as a member of the board. __________________ [ding]

Feb 5, 2004, 01:17 PM	#17
iPC macrumors 6502 Join Date: Jul 2003 Location: East Windsor, CT	Another way to look at it is this; it's a powerplay by Jobs to get another ardent supporter of his on the board with him. Rumors are swirling as Apple's market position is not much different from 2 years ago, even with the influx of cool new technology. (similar to the situation over at Disney - Eisner is walking a fine line also. www.savedisney.com ) __________________ iBook 800 combo 60GB 7200rpm 640MB airport OS X 10.3 "Panther" iPod 10GB (2nd gen)

Feb 5, 2004, 01:51 PM	#19
sfoalex macrumors regular Join Date: Aug 2001	You'll notice if you listen to the quarterly financial results that Peter is always there. He has been groomed for years for this. He is refereed to by Anderson for many of the answers during these meetings. It is a great lose, but I think this is also one of the best executed transitions and remember, Fred will be on the board of directors.

Feb 5, 2004, 02:13 PM	#20
anodized macrumors member Join Date: Dec 2003	Well, we know now that when Mr Anderson retires on June 6 the G6 will come out, and Apple will make the biggest breakthrough in History -- Oh he's going to the board... nevermind

Feb 5, 2004, 02:23 PM	#21
tex210 macrumors regular Join Date: Jul 2003	yes but... Glad this isn't a Haliburton type thing, but this isn't as exciting to me as the ichat 2.x beta that is video compatible with Aim!!! Arn? __________________ You have the option to show or hide various elements of messages, which may be of use to users on slow internet connections, or who want to remove extraneous clutter from posts.

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