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Adobe names Anil Chakravarthy as next CEO

Stocktwits +4 ·

ADBE Adobe Inc
$266.51 -6.73%
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  1. 1Adobe (ADBE) has named Anil Chakravarthy, president of its digital experience business, as its next president and CEO.
  2. 2He will take office on Dec. 1 and join the board, with Shantanu Narayen transitioning to executive chairman.
  3. 3Shares fell more than 1% in after-hours trading ahead of fiscal Q3 results due in a week, amid concerns over weakening generative AI demand.

This 3-line summary is compiled from the report below.

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