Adobe names Anil Chakravarthy as CEO, replacing Shantanu Narayen
Adobe announced Anil Chakravarthy as its next CEO, replacing Shantanu Narayen, who announced his departure last March.
TL;DR
- Anil Chakravarthy has been named Adobe's next president and CEO.
- Shantanu Narayen will step down as CEO but remain as executive chair.
- Chakravarthy previously led Adobe's customer experience orchestration and worldwide field operations.
- Narayen will work closely with Chakravarthy during the transition period.
- Adobe's stock has fallen significantly due to investor concerns about AI disrupting software makers.
- Top executive David Wadhwani, president of Adobe's creativity and productivity business, is also exiting the company.
- Wadhwani was a contender for the CEO position and played a role in the failed Figma acquisition bid.