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Anil Chakravarthy to become the next president and CEO of Adobe starting December 1

Adobe announced on Thursday that Anil Chakravarthy will become the company's next president and chief executive officer, effective December 1. Chakravarthy, who currently serves as president of Adobe's Customer Experience Orchestration business and worldwide field operations, will also join the company's board of directors. He succeeds Shantanu Narayen, who announced earlier this year that he would step down after 18 years at the head of the company. Narayen will transition to the role of executive chair and will work closely with Chakravarthy to ensure a smooth transition. Chakravarthy joined Adobe in January 2020 and has led the development of several AI-driven products, including GenStudio and Adobe CX Enterprise. Before joining Adobe, he served as CEO of the enterprise data management company Informatica for four years. The announcement came as Adobe stock has faced a decline, losing 18% so far in 2026 following significant drops in 2024 and 2025. Investors have expressed concerns regarding how artificial intelligence will impact the company's software business. Additionally, top executive David Wadhwani announced his departure from the company.

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