All articles tagged with #shantanu narayen
Adobe named Anil Chakravarthy its next president and CEO, replacing Shantanu Narayen, who will become executive chair. Chakravarthy will join the board and take the helm December 1; Narayen’s 18-year tenure ends as the company faces AI-disruption concerns and stock pressure, with David Wadhwani exiting.
Adobe posted Q1 earnings above estimates—$6.06 per share on $6.4 billion revenue—while announcing that longtime CEO Shantanu Narayen will step down (staying as chair until a successor is named). The company also highlighted AI-driven growth, with AI-first ARR more than tripling year over year, and guided Q2 to about $5.80-$5.85 per share on $6.43-$6.48 billion revenue, as investors weigh AI disruption risks and leadership changes despite the solid results.