Adobe has announced that its CEO will change for the first time in 19 years, with Anil Chakravarthy becoming CEO effective 1 December. Shantanu Narayen is expected to become Chair of the Board.
Adobe has announced a change in its chief executive for the first time in 19 years. The new CEO will take office on 1 December, and the appointment of his successor has been formally announced.
The new CEO is reportedly Anil Chakravarthy, who will assume leadership of the company. This is also viewed as likely to bring changes to the company’s management policies.
The current CEO, Shantanu Narayen, will become Chair of the Board. He is reported to be responsible for overseeing the Board and making strategic decisions.
The personnel change is being viewed as an effort to strengthen the organization while continuing to develop design tools and creative software.