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
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- End of an era with Shantanu leaving Adobe. He moved Adobe from selling perpetual Creative Suite licenses to adding Creative Cloud subscribers. … Jordan Novet
- Just saw the news that Shantanu Narayen is stepping down as CEO of Adobe. — Hat off to not just an incredible leader … Alexander Atzberger
- The end of an era. I was at Adobe when Shantanu was named CEO - taking over from Bruce Chizen. He's done an incredible job. — The next CEO has big shoes to fill. … Mike Potter
- This really feels like the end of an era. Shantanu was at Adobe for my entire career, first as COO then CEO. Thanks, Shantanu...for everything. … Ginna Baldassarre
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Discussion
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@patrickmoorhead
Patrick Moorhead
on x
Big news. This won't be the last SaaS CEO to leave their position. $ADBE
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@tunguz
Bojan Tunguz
on x
He finally figured out how to cancel his subscription.
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@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 …
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r/FuckAdobe
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Adobe CEO Leaving After 18 Years
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r/hbomberguy
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Adobe CEO Shantanu Narayen says he will step down after company installs successor
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@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…
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Adobe CEO Steps Down After 18 Years