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Adobe names Anil Chakravarthy as CEO, replacing Shantanu Narayen
CNBC • • business
Key Points:
- Adobe announced Anil Chakravarthy as its next president and CEO, effective December 1, succeeding Shantanu Narayen, who will transition to executive chair after leading the company for 18 years.
- Chakravarthy, previously president of Adobe's customer experience orchestration and worldwide field operations, joined Adobe nearly seven years ago and has a background as CEO of Informatica.
- Adobe's stock has declined significantly since 2023 amid investor concerns about AI disrupting software makers, with shares falling 18% so far in 2026.
- Alongside the CEO transition, Adobe's president of creativity and productivity business, David Wadhwani, announced his departure after nearly five years, expressing confidence in Chakravarthy's leadership.
- Wadhwani was considered a strong CEO candidate and played a key role in Adobe's attempted acquisition of Figma, which was ultimately abandoned due to regulatory challenges.
