Adobe announced that Anil Chakravarthy will succeed Shantanu Narayen as President and CEO, effective December 1, 2026, as part of a leadership transition.
Shantanu Narayen will transition to the role of Executive Chair, focusing on long-term strategy as the company accelerates its AI transformation.
Adobe shares experienced volatility following the announcement, as investors assess the impact of the leadership change on the company's AI-driven growth roadmap.