Apple promotes Michael Shapiro as treasurer, appoints four new vice presidents

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Apple has reportedly filled the role of recently retired corporate treasurer Gary Wipfler, and Michael Shapiro has taken on a cash maintenance of nearly $ 200 billion.

Building on a report that aired Wipfler’s retirement last week, Bloomberg on Thursday, it was said that Apple took over Shapiro to take the place of his former boss.

Shapiro is a longtime money trader at Apple and is listed as a member of Braeburn Capital, a branch of a Nevada asset management company. Shapiro as treasurer is expected to advance toward a monetary-neutral position, balancing Apple’s debut with cash and securities, the latter of which was $ 194 billion at the end of the second quarter.

In addition to Shapiro, four other executives have received promotions in recent days, according to the report.

Chip engineer Alan Gilchrist has been promoted from senior director to vice president of engineering for custom silicone and battery technology, while Eden Sears, senior marketing director for iPhone and iPad, is now the company’s vice president. Sears will take on additional marketing tasks for products such as the Apple Watch and AirPods, and will have a hand in packaging and retail.

Apple’s vice president of software engineering, Craig Federighi, has promoted two subordinates to the roles of vice president. Stacey Lysik was previously senior director of software management and oversaw the development of iOS, iPadOS and macOS. Ron Huang is also advancing from the position of senior director who has concentrated on detection and connectivity technologies that include wireless communications and location and motion sensors, the report said.

None of the promotions have been announced.

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Naveen Kumar

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