Adobe is handing over control to a new CEO after the current CEO spent 18 years in the role, as artificial intelligence is set to disrupt the software company that powers Photoshop and Creative Cloud.
Adobe (ADBE) is undergoing one of its largest leadership overhauls ever at a particularly challenging time for investors.
Anil Chakravarthy will become president and CEO of software giant Adobe, succeeding Shantanu Narayen, who has been at the helm for more than 18 years. Chakravarthy will take over on Dec. 1, and Narayen will move to the role of executive chair.
But Wall Street's response hinted at the scale of the task confronting Adobe's new boss.
Adobe shares fell nearly 7% on Sept. 4, after the leadership announcement and David Wadhwani's departure. Wadhwani ran Adobe's creativity and productivity business and was a potential CEO candidate.
#chakravarthy #years #software #photoshop
Adobe (ADBE) is undergoing one of its largest leadership overhauls ever at a particularly challenging time for investors.
Anil Chakravarthy will become president and CEO of software giant Adobe, succeeding Shantanu Narayen, who has been at the helm for more than 18 years. Chakravarthy will take over on Dec. 1, and Narayen will move to the role of executive chair.
But Wall Street's response hinted at the scale of the task confronting Adobe's new boss.
Adobe shares fell nearly 7% on Sept. 4, after the leadership announcement and David Wadhwani's departure. Wadhwani ran Adobe's creativity and productivity business and was a potential CEO candidate.
#chakravarthy #years #software #photoshop
6 days ago
