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Chronicles

The story behind the story

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Adobe says CEO Shantanu Narayen will step down after it names his successor; Narayen became CEO in 2007 and will stay on as chair of the board; ADBE drops 6%+

Adobe said CEO Shantanu Narayen will step down after a successor has been appointed, and he will remain as the design software company's chair.

CNBC Jordan Novet

Discussion

  • @patrickmoorhead Patrick Moorhead on x
    Big news. This won't be the last SaaS CEO to leave their position. $ADBE
  • @tunguz Bojan Tunguz on x
    He finally figured out how to cancel his subscription.
  • @edzitron.com Ed Zitron on bluesky
    Yeah this is probably because adobe's ai first revenue is “more than triple” what it was a year ago, so around $375m arr, or $31.25m a month for a company that takes in over $6 billion a quarter.  To be clear they don't say the actual ai first revenue in the release but they did …
  • r/FuckAdobe r on reddit
    Adobe CEO Leaving After 18 Years
  • r/hbomberguy r on reddit
    Adobe CEO Shantanu Narayen says he will step down after company installs successor
  • @thetranscript_ @thetranscript_ on x
    Adobe double beat + begins CEO succession process after 18 years of leadership from Shantanu Narayen, who will remain Board Chair. CEO: “Adobe delivered record Q1 results with AI-first ARR more than tripling year over year and subscription revenue growing 13%” $ADBE: -7% AH [imag…
  • r/Adobe r on reddit
    Adobe CEO Steps Down After 18 Years