Adobe CEO Shantanu Narayen says he will step down after company installs successor
Published Thu, Mar 12 20264:10 PM EDTUpdated 40 Min Ago
Adobe said CEO Shantanu Narayen will step down after a successor has been appointed, and he will remain as the design software company’s chair. Shares tumbled 7% in extended trading.
Narayen joined Adobe in 1998 as a vice president and general manager, and he became CEO in 2007. Under Narayen, Adobe pushed from software licenses to subscriptions to its Creative Cloud application bundle, and the company is now working to expand through generative artificial intelligence. He sought to acquire fast-growing design software company Figma, but regulators pushed back, and the companies called off the deal, resulting in Adobe paying Figma a $1 billion breakup fee.
“On behalf of the Board, I want to recognize Shantanu’s contributions as CEO and architect of Adobe’s transformation over the past 18 years, and for positioning Adobe for success in the AI-driven era,” Frank Calderoni, Adobe’s lead independent director, was quoted as saying in a statement. “As we take the next step in succession planning, we are focused on selecting the right leader for this next exciting chapter of the company’s growth and are grateful for Shantanu’s continued leadership as CEO to ensure a smooth transition.”
Blah, blah, blah. . . .
LINK - https://www.cnbc.com/2026/03/12/adobe-ceo-shantanu-narayen-step-down.html
ARCHIVE - https://archive.ph/ynhVO
INTERNET ARCHIVE - https://web.archive.org/web/20260313154114/https://www.cnbc.com/2026/03/12/adobe-ceo-shantanu-narayen-step-down.html
——>The headline should say,Chinese Communist Party Operative leaves position as CEO of Adobe mere weeks before he's removed by the United States Military