Apple Has a New M&A Chief as Ternus Reshuffles Leadership
CEO John Ternus is making changes to Apple's leadership, reports Bloomberg. Apple veteran Steve Smith will take over mergers and acquisitions and corporate development, which was previously led by Adrian Perica. M&A is an important team at Apple, handling acquisitions and arrangements like the deal Apple had with OpenAI to add ChatGPT to Siri.
Perica will stay at Apple to oversee iCloud, Fitness+, and Apple News, which he has done since 2023, and will now report to App Store and services lead Eddy Cue. While Perica reported to Tim Cook in his M&A role, Smith will report to Apple CFO Kevan Parekh as M&A moves back to the finance division.
Carson Oliver is being promoted to vice president of the App Store, and he has been in charge of the App Store since Phil Schiller stepped down from his role as App Store chief in late August. Oliver is reporting to Cue, who is now overseeing the App Store and other services.
According to Bloomberg, Cue is assessing potential successors, and Perica is a lead candidate. Apple Music lead Oliver Schusser is also in the running.
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