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Adobe has named Anil Chakravarthy as its next chief executive officer, succeeding founder Shantanu Narayen. The leadership transition announcement triggered a drop in the company's stock price as investors digest the strategic shift toward artificial intelligence.
Anil Chakravarthy, President of Adobe, sold 1,498 shares of the company's stock for tax withholding purposes.
Adobe has named Anil Chakravarthy as its next chief executive officer, succeeding founder Shantanu Narayen who will transition to executive chair. The leadership change aims to steer the company through its ongoing artificial intelligence transformation.
Adobe announced Anil Chakravarthy as its next CEO, replacing Shantanu Narayen, who announced his departure last March.