Adobe CEO Shantanu Narayen to step down after 18 years; tells employees in memo: "This is not a goodbye by any means but a time for..
Adobe CEO Shantanu Narayen is stepping down after 18 years, transitioning to Chair of the Board. His tenure saw Adobe evolve from boxed software to a subscription giant, generating over $25 billion annually. The announcement coincided with a strong Q1 earnings report, exceeding estimates, with AI-first product revenue tripling. A successor search is underway.
Adobe CEO Shantanu Narayen is stepping down after 18 years, transitioning to Chair of the Board. His tenure saw Adobe evolve from boxed software to a subscription giant, generating over $25 billion annually. The announcement coincided with a strong Q1 earnings report, exceeding estimates, with AI-first product revenue tripling. A successor search is underway.
