Key facts
- Steve Smith has been named Apple's new head of mergers and acquisitions.
- Adrian Perica will now report to services chief Eddy Cue.
- Perica will dedicate his efforts entirely to the services leadership team.
- Carson Oliver has been promoted to vice president of the App Store.
Apple has appointed insider Steve Smith as its new head of mergers and acquisitions, according to a memo seen by Reuters. Smith will report to Chief Financial Officer Kevan Parekh.
Adrian Perica, who previously oversaw M&A and corporate development for 17 years, has been moved to the services division. The memo indicated that Perica will now dedicate his efforts entirely to the services leadership team and report to services chief Eddy Cue. Cue expressed enthusiasm for Perica's increased focus on services, stating "We have big plans for services and I'm thrilled to be getting more of Adrian's time."