A peeler apparatus is provided having an ergonomic handle and a blade that can be rotated relative to the handle to accommodate different peeling styles. The blade can be rotated in order to position the blade in a variety of positions relative to the handle. Such positions include perpendicular, parallel left, parallel right, 45 degree left, and 45 degree right positions. Variations of the peeler can be provided which enable rotations of 180 degrees, 360 degrees, and / or other angles as desired. A user-operable knob cooperatively engaged with a yoke permits the yoke and a blade secured to the yoke to rotate relative to the handle in response to rotation of the knob. A peeler having a blade fixed at approximately 45 degrees relative to the handle is also provided.