Adobe names Anil Chakravarthy CEO, replacing Shantanu Narayen

Adobe Inc. named Anil Chakravarthy as its next Chief Executive Officer on Thursday, confirming the appointment with details emerging during extended trading hours. The company announced this succession immediately after Shantanu Narayen, who has led Adobe for over two decades, confirmed his departure in March. This transition marks a significant change in the software firm's leadership structure. Market reaction was immediate; Adobe shares declined approximately 2% during extended trading following the announcement of the new executive direction. The news emerged on Thursday as primary corporate communication regarding the succession plan. Visual documentation exists of the corporate environment where this decision is being implemented, including signage at office locations in Lehi, Utah. While specific strategic goals or future financial targets were not detailed in the initial press release, the confirmation of the name change signals a shift in management strategy for the technology giant.