Marvell Technology, Inc. (MRVL) has announced the appointment of Dan Durn, formerly of Adobe, as its new Chief Financial Officer.

Adobe's Chief Financial Officer, Dan Durn, announced his departure to join Marvell Technology, citing a 'once-in-a-generation' AI expansion opportunity. Following the news, Adobe's stock experienced a decline.

Marvell has named Dan Durn, formerly of Adobe, as its new finance chief, a move that comes amid growing demand for AI-related technologies.