Adobe names Anil Chakravarthy as CEO

Adobe has appointed longtime executive Anil Chakravarthy as the company's new CEO. Following this leadership transition, Shantanu Narayen will shift his role to serve as the executive chair. This strategic move marks a significant change in the corporate hierarchy of Adobe, placing Chakravarthy at the helm of the organization's daily operations while Narayen continues to provide guidance and oversight in his new capacity as executive chair for the software giant.