Apple has kept its promise to appoint former chief financial officer Fred Anderson to the company's board.

Anderson retired from his CFO position June 1. He has been succeeded by Peter Oppenheimer who becomes CFO.

"Fred is widely regarded as one of the industry's leading financial experts and we want his guidance and judgement to continue benefiting Apple's shareholders," said Apple CEO Steve Jobs. "Though it is currently out of vogue to add insiders to boards, Fred is the exception to the rule."

Anderson served for more than eight years as Apple's executive vice president and chief financial officer until his retirement. He currently serves on the board of directors of eBay and E.piphany.