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