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Adobe Appoints Anil Chakravarthy as New CEO, Replacing Shantanu Narayen
Key points
- Anil Chakravarthy appointed Adobe President and CEO, effective December 1.
- Shantanu Narayen, current CEO, will become executive chair.
- Chakravarthy previously led Adobe's customer experience orchestration.
- Leadership change follows Adobe stock declines amid AI disruption concerns.
Leadership Transition at Adobe
Adobe announced the appointment of Anil Chakravarthy as its new President and CEO. Chakravarthy, who was previously president of Adobe's customer experience orchestration and worldwide field operations, will assume his new role on December 1. He will also join the company's board of directors.
Shantanu Narayen's New Role
Shantanu Narayen, who has served as Adobe's CEO for 18 years since joining the company in 1998, will step down from his current position. He will transition to the role of executive chair and will collaborate with Chakravarthy during the leadership handover.
Context of the Change
This leadership change comes at a time when Adobe's stock has faced challenges. Investor concerns regarding the potential disruption of software makers by artificial intelligence have contributed to a decline in Adobe's share price. The stock has fallen 25% in 2024, an additional 21% in 2025, and 18% so far in 2026. Following the announcement, Adobe shares decreased by approximately 2% in extended trading.
✨ This summary was generated by AI from the outlets' reporting listed below. It is not independently verified and may contain errors — check the original sources. How BrevFeed works →
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Reporting from
Adobe has named Anil Chakravarthy as its new President and CEO, effective December 1, succeeding Shantanu Narayen, who will transition to executive chair. This leadership change occurs as Adobe's stock has experienced declines due to investor concerns about AI's potential impact on software companies.