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. 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. Bloomberg, Cue is assessing potential successors, and Perica is a lead candidate. Apple Music lead Oliver Schusser is also in the running. Tag: John Ternus This article, "Apple Has a New M&A Chief as Ternus Reshuffles Leadership" first appeared on MacRumors.com Discuss this article in our forums

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