Apple Inc. is appointing Steve Smith as its new head of mergers and acquisitions, replacing Adrian Perica, who held the position for over a decade, according to Bloomberg. The change is the latest management shift under new Chief Executive Officer John Ternus, who took over from Tim Cook on Sept. 1. Smith, a longtime lieutenant under Perica, will report to Chief Financial Officer Kevan Parekh, returning the M&A team to the finance division for the first time since 2019, when Perica began reporting directly to then-CEO Tim Cook. Perica will remain at Apple overseeing the iCloud, Fitness+ and News businesses, which he has led since 2023, and will report to services chief Eddy Cue. Apple is also promoting Carson Oliver to vice president of the App Store, reporting to Cue, after Oliver assumed leadership of the business in recent months as longtime App Store and Apple events head Phil Schiller reduced his day-to-day responsibilities.
Apple Inc.Apple appoints Steve Smith as new M&A chief and promotes Carson Oliver to VP of the App Store under new CEO John Ternus, a management change with no clear positive or negative financial impact.
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