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Read all 'Peter Oppenheimer' posts in Apple
January 14, 2009 2:52 PM PST

In the interim, who's leading Apple?

by Ina Fried
  • 11 comments

Tim Cook

Steve Jobs' medical leave puts the spotlight back on the other members of Apple's executive ranks, in particular Chief Operating Officer Tim Cook, financial chief Peter Oppenheimer, and marketing chief Phil Schiller.

Tim Cook
A one-time Compaq executive, Cook has run much of Apple's operations for some time. He also was the man tapped by the board when Jobs previously went on leave for cancer treatment.

Much of Cook's career has been spent handling manufacturing and procurement duties, although he took over responsibility for sales at Apple, before adding the COO title in 2005. In addition to his work at Compaq, Cook also spent 12 years at IBM, where he ran manufacturing and operations for a large chunk of Big Blue's PC business.

Peter Oppenheimer
A longtime Apple finance guy, Oppenheimer started with Apple in 1996 serving as controller for the Americas and, eventually, as the company's overall controller, before taking over as chief financial officer upon the retirement of Fred Anderson.

Peter Oppenheimer

Prior to Apple, Oppenheimer was a divisional CFO at Automatic Data Processing (ADP).

Phil Schiller
Schiller has long served as Jobs' right-hand man when it comes to pitching Apple products to the public. A frequent guest in Jobs' keynote speeches, Schiller has also given some solo talks, most recently at this year's Macworld.

An avid sports fan, he coached an Apple hockey team that took on a team from Sun Microsystems, among other rivals. In addition to his work at Apple, Schiller served as a VP of product marketing for Macromedia.

While these three will be most visible during Jobs absence, others also play key roles. Design guru Jonathan Ive is known as Apple's strongest creative voice outside of Jobs, while former Target executive Ron Johnson is responsible for Apple's booming network of retail stores.

On the software front, chief software architect, Avie Tevanian, is no longer there, but several other software execs remain, including software engineering head Bertrand Serlet and applications chief, Sina Tamaddon.

Phil Schiller

Phil Schiller delivered the keynote address at Macworld 2009.

(Credit: James Martin/CNET News)

January 7, 2009 2:22 PM PST

Apple awards raises to key executives

by Tom Krazit
  • 7 comments

Apple COO Tim Cook was among the executives that received $100,000 raises to start Apple's 2009 fiscal year.

(Credit: Apple)

Apple awarded three key members of its executive team with $100,000 raises to kick off its 2009 fiscal year.

Chief operating officer Tim Cook, chief financial officer Peter Oppenheimer, and senior vice president of Mac hardware engineering Bob Mansfield will have a little more cash in their pockets this year courtesy of Apple's board of directors, the company revealed in a proxy filing Wednesday. Cook now makes $800,000 a year, while Oppenheimer makes $700,000, and Mansfield makes $600,000.

This was the first raise for Cook and Oppenheimer since October 2005. Mansfield received a raise just prior to his promotion to his current role, and is now the third most-highest paid executive at Apple. Mansfield displaced retail chief Ron Johnson among the group of Apple's highest earners that must report their compensation to the SEC.

All three executives also received large restricted-stock grants during the past year: 200,000, 150,000, and 120,000 for Cook, Oppenheimer, and Mansfield, respectively.

CEO Steve Jobs, of course, still makes just $1 a year. But he holds 5.5 million shares of Apple stock, by far and away the largest amount held by any members of the Apple executive team.

The proxy filing was primarily distributed to set the date for Apple's annual meeting in Cupertino, which will take place on February 25. Four shareholder proposals will be considered regarding whether Apple should report its political contributions, adopt health-care reform principles, publish a sustainability report regarding its environmental policies, and a non-binding resolution allowing shareholders to ratify executive compensation awards.

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