Apple appoints Steve Smith as new head of M&A

Apple: Apple is a major technology company that develops consumer electronics, software, and digital services. In this development, the company is making internal leadership adjustments to its mergers and acquisitions function and services division. Eddy Cue: Eddy Cue is Apple's services chief who issued the internal memo announcing the leadership changes. He highlighted the benefits of dedicating more of Adrian Perica's efforts to advancing the services organization. Steve Smith: Steve Smith is an insider executive at Apple appointed as the new head of mergers and acquisitions. He will report to Chief Financial Officer Kevan Parekh as part of the recent management reorganization. Kevan Parekh: Kevan Parekh serves as Apple's Chief Financial Officer and will oversee the new M&A head Steve Smith in his reporting structure. Adrian Perica: Adrian Perica is a veteran Apple executive with extensive experience in M&A and corporate development. He is transitioning to focus fully on the services leadership team, where he oversees businesses including iCloud, Fitness+, and News. Carson Oliver: Carson Oliver is an Apple executive being promoted to vice president of the App Store amid the company's broader management shifts. Services Emphasis: The company is strengthening dedicated leadership for its services businesses to support growth initiatives. Leadership Transition: Apple continues to implement management adjustments under its new CEO to align teams with strategic priorities.