A detailed-up view exhibits company signage mounted on an exterior concrete wall at an Adobe workplace constructing in Lehi, Utah, United States, on August 26, 2026.
Charles-McClintock Wilson | Nurphoto | Getty Images
Adobe on Thursday named Anil Chakravarthy as its subsequent CEO, succeeding Shantanu Narayen, who introduced he would step down earlier this 12 months.
Chakravarthy, who most lately served as president of Adobe’s buyer expertise orchestration and worldwide area operations, will take the helm Dec. 1, the corporate mentioned. He can even be a part of Adobe’s board.
Narayen will change into government chair and “work closely” with Chakravarthy through the transition, Adobe mentioned. Narayen mentioned final March he would go away his function after becoming a member of the corporate in 1998 and serving as the pinnacle of Adobe for 18 years.
“Adobe’s opportunity ahead is limitless with our track record in creating new market vategories and world-class products,” Narayen mentioned in a press release. “Anil is an experienced transformational leader who leads with values, integrity and a deep knowledge of our business.”
Adobe is tapping a brand new CEO as the corporate’s inventory has been pummeled as a consequence of investor issues that artificial intelligence will disrupt software makers. After a growth in 2023, Adobe shares have slid since, dropping 25% in 2024 and one other 21% in 2025. The inventory is down 18% to this point in 2026.
Shares of Adobe fell about 2% in prolonged buying and selling.
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