7/1011 sources · 9 publishersUpdated Oct 9, 03:28 UTC
Apple shifts mergers leadership and reorganizes services roles
+1 new source since this summary was written
Apple has reportedly put Steve Smith in charge of mergers and acquisitions, replacing Adrian Perica. Smith will report to Chief Financial Officer Kevan Parekh, while Perica will oversee iCloud, Fitness+ and News within Eddy Cue's organization. Apple also named Carson Oliver to lead the App Store as a vice president.
Why it matters
The change places Apple's M&A function under the finance organization and reallocates Perica to services operations. The reported appointments could affect responsibility for acquisitions, partnerships and key services businesses, but Apple declined to comment.
Key facts
- 1Steve Smith was named to run Apple's mergers and acquisitions work, taking over from Adrian Perica. finance.yahoo.com
- 2Smith will report to Chief Financial Officer Kevan Parekh. investing.com
- 3Perica will manage iCloud, Fitness+, and News and report to services chief Eddy Cue. finance.yahoo.com
- 4Apple selected Carson Oliver for an App Store vice president role. marketscreener.com
- 5The M&A group is returning to the finance division after having reported directly to the chief executive since 2019. investing.com
Open questions
- The leadership changes were reported by Bloomberg and attributed to people familiar with the matter; Apple declined to comment.
Summary written by AlphAI from 10 of 10 sources. Not investment advice. Figures are as stated by the linked sources.