Adobe’s new CEO appointment Anil Chakravarthy will replace Shantanu Narayen, who announced his resignation earlier this year.
Image source: adobe.com
Mr. Chakravarty most recently served as President of Customer Experience and Global Field Operations at Adobe. He will take over the company and join the board of directors on December 1. Narayan will serve as executive chairman of the board of directors and will “Close cooperation” Adobe said it is working with Anil Chakravarti during the transition. Shantanu Narayen announced his retirement in March last year – he joined Adobe in 1998 and served as the company’s head for 18 years.
“Given our track record of creating new market categories and world-class products, Adobe’s future opportunities are limitless. Anil is an experienced transformational leader who leads with values, principles and a deep understanding of our business.”“, said Shantanu Narayan. Anil Chakravarty joined Adobe seven years ago – before that, he led Informatica, a company specializing in enterprise data management; as part of the partnership with Informatica, the two top executives came together. “I came here primarily because of the opportunity to work with him and the Adobe leadership team.””, Mr. Chakravarti said in 2021.
Adobe shares are currently falling as investors worry that artificial intelligence could hurt software developers. Adobe’s stock price surged in 2023, fell 25% in 2024, fell another 21% in 2025, and fell 18% in 2026. Against a backdrop of news and negative developments, David Wadhwani, who served as President of the Work and Creative Tools Development Division, announced his departure from the company. Wadhwani is considered a top contender to become Adobe CEO, in part because of his role in Figma’s takeover bid, which collapsed in 2023 due to regulatory action. “As much as Adobe means a lot to me, I think now is the perfect time to start a new chapter, and Anil taking over as CEO is a great time for Adobe. I have been fortunate to work with Anil over the past few years and have every confidence in where he will lead Adobe.””, David Wadhwani wrote on social networks.
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