https://www.live-feeds.com/feed/adobe-names-chakravarthy-ceo-while-other-contender-departsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/adobe-names-chakravarthy-ceo-while-other-contender-departshttps://www.live-feeds.com/feed/adobe-names-chakravarthy-ceo-while-other-contender-departs#u57698Sat, 05 Sep 2026 03:46:35 +0000Adobe will appoint Anil Chakravarthy as President and CEO on December 1, 2026. He succeeds Shantanu Narayen, who will transition to the role of Executive Chair after 18 years of leadership. The leadership shift coincides with an exit by David Wadhwani and comes as Adobe attempts to strengthen its design software offerings and AI leadership amid intensifying competition from AI firms. Following the announcement, Adobe stock experienced a decline.Why it mattersThis transition marks a significant change in leadership for a company facing increased pressure from artificial intelligence competitors