Market Flux Event
Apple Replaces Longtime M&A Head Adrian Perica With Steve Smith Under CEO John Ternus
Read this in the Market Flux appApple has named Steve Smith as its new head of mergers and acquisitions, replacing Adrian Perica, who led the company's M&A and corporate development function for more than a decade. Smith, a longtime lieutenant to Perica, takes over the dealmaking role in what is the latest management shake-up under CEO John Ternus, who became Apple's chief executive on September 1, 2026, succeeding Tim Cook.
Perica is not departing the company. He will shift his focus entirely to overseeing parts of Apple's services business, including iCloud, Fitness Plus and News, responsibilities he has held since 2023, reporting to services chief Eddy Cue. The reorganization consolidates Perica's role on the services side while handing dealmaking authority to Smith.
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Sources
- FinancialjuiceApple names new M&A chief in latest change under new CEO Ternus $AAPL
- FirstSquawkAPPLE NAMES STEVE SMITH AS NEW M&A CHIEF
- MarkgurmanNEW: Apple is naming Steve Smith its new M&A chief, shifting longtime dealmaking head Adrian Perica to focus exclusively on his responsibilities overseeing parts of the company’s services business. It’s the latest management shake-up under John Ternus.
- InvestingApple names veteran Steve Smith as new M&A chief
- BusinessApple is naming a new mergers and acquisitions chief, according to people familiar with the matter, marking the latest management change under new Chief Executive Officer John Ternus
- Seeking AlphaApple appoints new M&A chief under CEO Ternus: report