Apple recently promoted a group of people to key department executives

Apple has recently promoted a group of people to serve as key department executives

Apple has recently promoted a group of people to serve as key department executives. Apple has also promoted a number of executives to serve as deputy chief executives. President, Apple has about 100 vice presidents, which is one of the highest-level positions in the company. Apple recently promoted a group of people to key department executives. Apple has recently promoted a group of people to key department executives 1

According to news on October 8, people familiar with the matter revealed that after Apple’s financial chief Gary Wipfler announced his retirement, the company appointed financial officers Michael Shapiro, a senior member of the team and corporate cash management arm of Braeburn Capital, is the new corporate treasurer.

People familiar with the matter said that Apple has recently promoted a group of people to serve as executives in key departments such as software, marketing and chips. However, relevant personnel adjustments have not yet been announced.

Shapiro will become the manager of Apple’s nearly $200 billion in assets. Company records list him as a member of Apple Cash Management Group, based in Reno, Nevada, and as a longtime company executive. It was reported earlier this month that Whiffler was retiring from Apple in recent weeks after 35 years at the company.

As of last quarter, Apple had $194 billion in cash and marketable securities. But the company has been working hard to reduce its cash balance in an attempt to reach a net cash neutral position, which means Apple will have equal amounts of cash and debt.

Apple has also promoted several executives to vice presidents, one of the company's highest-level positions. Apple has about 100 vice presidents, who either report to Apple's senior vice president team or directly to CEO Tim Cook and CFO Luca Maestri and Chief Operating Officer Jeff Williams. Apple usually promotes a group of executives to the vice president level in September or October each year.

Alan Gilchrist, a key member of Apple’s custom chip development group, has been promoted to responsible for Vice President of Custom Chip and Battery Technology Engineering. Apple's chip team develops an increasing number of components for the company's devices to help speed up their processing.

Eden Sears, formerly senior director of brand marketing for iPhone and iPad, has been promoted to Apple’s vice president of brand, people familiar with the matter said. In addition to the company's product packaging and retail work, she is also responsible for brand marketing of other products such as Apple Watch and AirPods.

Apple software engineering chief Craig Federighi also promoted two key deputies, Stacey Lysik and Ron Huang, to vice presidents. Lisk was previously senior director of software project management, where he was responsible for overall software development for iOS, iPad and macOS. Huang Rong is the senior director responsible for sensors and connectivity functions, responsible for the software development of position and motion sensors such as Bluetooth, Wi-Fi, wireless connectivity, gyroscopes and accelerometers. Apple has recently promoted a group of people to serve as key department executives 2

Titanium Media reported on October 8 that people familiar with the matter said that Apple has appointed Michael Shapiro as its new financial director to replace the recently retired Gary Whiffler. Shapiro's appointment as finance chief is part of a series of executive promotions at Apple, people familiar with the matter said. Apple has also promoted key software, marketing and chip executives to vice president level. Now, Shapiro will be the steward of Apple's nearly $200 billion cash hoard. Corporate records show he is a senior Apple executive and a member of Apple's Braeburn Capital.

It is reported that Shapiro was already a senior executive in Apple’s financial department and also worked for Apple’s internal “Braeburn Capital” team responsible for cash management.

People familiar with the matter said that Shapiro’s appointment is actually part of Apple’s recent personnel promotion plan. Apple has recently promoted a group of senior executives in the fields of finance, software, marketing and semiconductors.

Apple is the richest company in the world, sitting on approximately $200 billion in cash. Shapiro will be the steward of that cash. According to Apple's official website, Shapiro belongs to the company's aforementioned cash management team (based in Reno, Nevada) and is also one of Apple's senior executives.

According to reports, Wipflo, who was succeeded by Shapiro, had worked at Apple for 35 years before retiring.

According to last fiscal quarter’s financial report data, Apple held $194 billion in cash and short-term securities at the end of the day. However, the company has set a goal to achieve net cash of zero (that is, the cash held is exactly equal to the scale of debt), so Apple has been doing everything possible to reduce the size of its cash.

According to sources, Eden Sears, who was previously responsible for Apple’s senior director of brand marketing for smartphones and tablets, has been appointed vice president of all Apple brand marketing affairs. Her job authority will be expanded and she will be responsible for the brand marketing of Apple Watch, Bluetooth headsets and other products, as well as Apple retail stores and product packaging matters.

In addition, Apple’s head of software technology, Craig Federighi, also promoted two confidants to vice presidents this time. They are Si Stacey Lysik and Ron Huang.

Lisk was previously the senior director of software management. He oversaw the development plans of Apple's various operating system software (including iOS, iPadOS and MacOS).

Huang Rong was previously the senior director of sensor and connection technology. His areas of responsibility included Bluetooth software, WiFi, wireless communications, positioning and motion sensors, such as gyroscopes and acceleration sensors.