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Apple treasurer Gary Wipfler is now leaving the company, according to people familiar with the matter. Wipfler, who is 62, worked for Apple for more than 35 years and was responsible for managing the company’s $ 194 billion in cash.
Wipfler’s retirement was first reported by Bloomberg sources, but neither the executive nor Apple have confirmed the news so far. According to his LinkedIn page, Wipfler joined Apple in August 1986 – two years after the introduction of the first Macintosh and a year after Steve Jobs left Apple.
The Bloomberg The report says the executive has quietly stepped down in recent weeks. At Apple, he reported to CFO Luca Maestri and was responsible for overseeing the company’s cash balance and managing investments.
Gary Wipfler has resigned in recent weeks, said the people, who asked not to be identified because the move was not announced. He oversaw the iPhone maker’s cash balance, investments, and return on capital programs, and he was once a staple in Apple’s quarterly earnings calls. The 62-year-old executive reported to CFO Luca Maestri until his retirement.
Gary Wipfler worked with several Apple CEOs until Steve Jobs returned in 1997 and remained there after the succession from Tim Cook in 2011. The executive was deeply involved in the company’s racial justice efforts, all also behind the massive acquisition of Beats for $ 3 billion in 2014.
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