Market Chatter: Adobe Considers Two Internal Candidates, Explores AI Outsiders for CEO Position

MT Newswires Live06-04

Adobe (ADBE) is eyeing two internal candidates and has also tapped a well-known search firm to find external candidates with experience in artificial intelligence products, as it looks to find a new chief executive, Bloomberg reported Wednesday, citing people with knowledge of the process.

David Wadhwani and Anil Chakravarthy, the heads of Adobe's two main businesses, are the company's leading internal candidates for the CEO position, the report said, adding that Adobe has also hired Heidrick & Struggles International to find an AI-friendly executive.

Additionally, Adobe had talks with Microsoft (MSFT) executive vice president Charles Lamanna for the role, but the process didn't continue, the media outlet reported, citing another person familiar with the process.

Adobe didn't immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 255.88, Change: -6.23, Percent Change: -2.38

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