Adobe replaces CEO with customer experience leader
Adobe’s search for a new CEO is over: It has promoted Anil Chakravarthy , president of its customer experience orchestration business , to the top role. It has taken six months to find a successor to outgoing CEO Shantanu Narayen , who announced in March that he would step back from the CEO role, remaining with the company as chairman. There had been much speculation that he would be replaced by…
Adobe has named Anil Chakravarthy, president of its customer experience orchestration business, as its new CEO, replacing outgoing CEO Shantanu Narayen. The search for a successor took six months, with speculation that David Wadhwani, Adobe's president of creativity and productivity, would take the top role. However, Wadhwani chose to leave the company and announced his departure on LinkedIn.
Chakravarthy, who has been responsible for developing several key products, including Adobe CX Enterprise, GenStudio, and Brand Visibility, will take over at a challenging time for Adobe. The company's stock price has plummeted in recent years as AI has made Adobe's products less necessary for content creation and photo manipulation.
Chakravarthy will initially work alongside Narayen, who remains chairman of the company, as he seeks to turn the current decline around.
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