Adobe Announces New CEO. the Stock Slips.

Dow Jones05:05

Software firm Adobe announced that Anil Chakravarthy will take the helm in December, replacing current CEO Shantanu Narayen.

Chakravarthy is currently president of Adobe's Customer Experience Orchestration business and worldwide field operations. He joined the company in 2020 after serving as CEO at cloud data management firm Informatica.

"Shantanu Narayen will transition to executive chair and work closely with Chakravarthy to ensure a smooth transition and support Adobe's ongoing transformation," the company added.

Adobe stock has struggled in recent years despite steady revenue growth. Shares are down 18% over the past year and are trading at less than half their 2024 highs north of $600. One big concern is that artificial intelligence tools such as Claude Design could hurt demand for the company's core products.

Narayen has been CEO for the past 19 years. He will become executive chair once Chakravarthy takes over.

Adobe shares were down 1.4% in after-hours trading after the news. The company reports earnings next week.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2664804935?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-04 05:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2664804935","market":"sg","top_or_hot":-1,"title":"Adobe Announces New CEO. the Stock Slips.","media":"Dow Jones","content":"<html><head></head><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Software firm Adobe announced that Anil Chakravarthy will take the helm in December, replacing current CEO Shantanu Narayen. \n</p>\n<p>\n     Chakravarthy is currently president of Adobe&#39;s Customer Experience Orchestration business and worldwide field operations. He joined the company in 2020 after serving as CEO at cloud data management firm Informatica. \n</p>\n<p>\n     &#34;Shantanu Narayen will transition to executive chair and work closely with Chakravarthy to ensure a smooth transition and support Adobe&#39;s ongoing transformation,&#34; the company added. \n</p>\n<p>\n     Adobe stock has struggled in recent years despite steady revenue growth. Shares are down 18% over the past year and are trading at less than half their 2024 highs north of $600. One big concern is that artificial intelligence tools such as Claude Design could hurt demand for the company&#39;s core products. \n</p>\n<p>\n     Narayen has been CEO for the past 19 years. He will become executive chair once Chakravarthy takes over. \n</p>\n<p>\n     Adobe shares were down 1.4% in after-hours trading after the news. The company reports earnings next week. \n</p>\n<pre style=\"white-space: pre\"> \n</pre>\n</font></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Adobe Announces New CEO. the Stock Slips.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAdobe Announces New CEO. the Stock Slips.\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-09-04 05:05</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     Software firm Adobe announced that Anil Chakravarthy will take the helm in December, replacing current CEO Shantanu Narayen. \n</p>\n<p>\n     Chakravarthy is currently president of Adobe&#39;s Customer Experience Orchestration business and worldwide field operations. He joined the company in 2020 after serving as CEO at cloud data management firm Informatica. \n</p>\n<p>\n     &#34;Shantanu Narayen will transition to executive chair and work closely with Chakravarthy to ensure a smooth transition and support Adobe&#39;s ongoing transformation,&#34; the company added. \n</p>\n<p>\n     Adobe stock has struggled in recent years despite steady revenue growth. Shares are down 18% over the past year and are trading at less than half their 2024 highs north of $600. One big concern is that artificial intelligence tools such as Claude Design could hurt demand for the company&#39;s core products. \n</p>\n<p>\n     Narayen has been CEO for the past 19 years. He will become executive chair once Chakravarthy takes over. \n</p>\n<p>\n     Adobe shares were down 1.4% in after-hours trading after the news. The company reports earnings next week. \n</p>\n<pre style=\"white-space: pre\"> \n</pre>\n</font></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2664804935","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2664804935","pubTimestamp":1788469500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Software firm Adobe announced that Anil Chakravarthy will take the helm in December, replacing current CEO Shantanu Narayen.Chakravarthy is currently president of Adobe's Customer Experience Orchestra","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Adobe宣布新首席执行官。股票下跌。","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/ac452d101370718ad53754e8567c3aac","symbols_score_info":{"ADBU":0.6,"ADBE":1.96,"ADBG":0.6},"content_text":"Software firm Adobe announced that Anil Chakravarthy will take the helm in December, replacing current CEO Shantanu Narayen. \n\n\n     Chakravarthy is currently president of Adobe's Customer Experience Orchestration business and worldwide field operations. He joined the company in 2020 after serving as CEO at cloud data management firm Informatica. \n\n\n     \"Shantanu Narayen will transition to executive chair and work closely with Chakravarthy to ensure a smooth transition and support Adobe's ongoing transformation,\" the company added. \n\n\n     Adobe stock has struggled in recent years despite steady revenue growth. Shares are down 18% over the past year and are trading at less than half their 2024 highs north of $600. One big concern is that artificial intelligence tools such as Claude Design could hurt demand for the company's core products. \n\n\n     Narayen has been CEO for the past 19 years. He will become executive chair once Chakravarthy takes over. \n\n\n     Adobe shares were down 1.4% in after-hours trading after the news. The company reports earnings next week.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"executive","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.49.0","shortVersion":"4.49.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2664804935","isCrawlerRequest":true}