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Ternus shuffle: Apple names new mergers & acquisitions chief

In the latest executive overhaul, Adrian Perica is getting his merger and acquisition responsibilities offloaded to long-time lieutenant Steve Smith.

Aerial view of a huge circular futuristic office complex surrounding a landscaped green park with trees, pathways, small buildings, and a central circular courtyardApple Park

A new CEO takes over, and roles shift. It’s effectively a fact of American business. The latest shuffle is a slight reorganization, with mergers and acquisitions moving to a new person.

According to a report on Thursday by Bloomberg, Steve Smith is Apple’s new M&A head. Smith was formerly Apple’s Senior Director of Corporate Development.

Formerly, Adrian Perica held that responsibility, as part of his overall role which incorporates Services. Reportedly, Perica will just be focusing on iCloud, Fitness+, and News going forward.

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