Wow, there must be some awkwardness in the C-Suite of Cupertino today as Bloomberg reports Apple is looking for a new CFO.
Apple Inc. approached Blackstone Group LP Chief Financial Officer Laurence Tosi to become its finance chief, three people with knowledge of the matter said.
Tosi told Blackstone CEO Stephen Schwarzman that he plans to stay, rather than join Apple, said two of the people, who asked not to be identified because the talks were private. Steve Dowling, a spokesman for Apple, said the company is “not conducting a CFO search.” Current CFO Peter Oppenheimer “loves the company and is extremely happy in his role,” Dowling said.
The report says that Tosi, 42, would have brought Apple more experience with corporate acquisitions. Blackstone, the world’s largest private equity firm, made more than 30 purchases last year.
Oppenheimer obviously doesn’t spend enough as Apple has amassed a huge cash horde since he took over from ousted Fred Anderson in 2004. Apple’s major rival, Google, has been on a spending spree as of late picking up 30 companies in the past year.
Update: Sorry about the hugely unfortunate typo in the headline. I’m flying with my family at the moment with my toddler climbing all over me. The traffic crashed the database and(or the Gogo Internet) prevented me from updating it quickly. Thanks to Scott for saving me :D (and all of your wonderful comments and tweets).