ADOBE CEO SHANTANU NARAYEN SAYS HE WILL STEP DOWN AFTER COMPANY INSTALLS SUCCESSOR

Summary from the TLDR Design newsletter

Adobe CEO Shantanu Narayen announced he will step down after the company appoints a successor, while remaining as board chair. Narayen has led Adobe since 2007, transforming the company from software licenses to subscriptions and expanding into AI technology. Adobe shares fell 7% in extended trading following the announcement.